What Does RESTORATION Mean on a Town of Islip Property Tax Bill?
According to the Town of Islip Receiver of Taxes, RESTORATION can appear when the previous owner had exemptions that the new owner was not entitled to receive. The amount represents exemptions that applied after ownership changed but for which the new owner was not eligible.
Is RESTORATION Permanent?
The Town describes RESTORATION as a one-time amount paid during the tax year in which it appears. It does not automatically mean the same additional amount will appear every year.
Conclusion
Do not look only at the seller's tax total. Understand the exemptions and the reason behind the amount.