History. The community derives its name from Peconic Bay, which in turn derives its name from a Native American word meaning "nut trees". The area was originally called "Hermitage", and the name "Peconic" was adopted later.

What is a Peconic?

The Peconic Tax is basically a real estate transfer tax based on the purchase price of property. ... If you are buying in the town of Riverhead and/or Southold, the first $150,000 of the purchase price of improved land is exempt from the tax.

What is considered the North Fork?

Located approximately 75 miles east of Manhattan, the North Fork of Long Island is the easternmost area of the North Shore. Together with The Hamptons, the tourism region is often referred to as Long Island's East End. Riverhead is at the gateway to both forks, which are split by the Peconic River and Peconic Bay.