Out of State Sellers
Many property owners in Ellicottville and the surrounding communities come from other states and Canada. It is important for them to know that when they go to sell their home in New York State, they will face a near 9% tax on their capital gain. The cost of home improvements and fees for real estate commissions are subtracted from the difference in the purchase price and sale price.
Refer to these links to the New York State Department of Taxation and Finance for more information, and contact an accountant for more details.
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Recent Listings
6781 Sunset RoadDemanding location of the ski slope. Totally remodeled interior from top to bottom with a new smart floor plan. The best…
6735 Dooley Rd.A million dollar view at an affordable price! You will be in awe as you sit in your living room or on your deck - looking…
58 Great Valley St.What a cute find! Located off the reservation, but in Salamanca..this 3 bedroom/1 bathroom house is just darling. New…
7439 Route 242Your own private paradise! Located on 14+ acres of hilltop hideaway this estate features a large main house, a big shop…
5651 Humphrey RoadA country lover's dream! Views, privacy, and acreage galore are what you'll find here. One step into this glorified cabin…
46-48 Jefferson St.A Victorian chalet in the middle of Ellicottville! From the gleaming hardwood floors to the spacious bedrooms, this home has…
