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
23 Rod & Gun ClubFabulous lake front location with a view of the entire lake, the beach area & surrounding cottages. Well maintained 2…
9 Greer Hill RoadExquisite, remarkable, one-of-a-kind. Located on Ellicottville's most prestigious street, this chalet features superb…
16 Adams StreetClean as can be, freshly painted and wood floors buffed to look there best. Newer kitchen is large enough for a table and…
6897 Plato RoadEnjoy the 4 seasons right here! Located 10 minutes from skiing in Ellicottville, across the road from Rainbow Lake and…
411 Prospect AvenueA darling house in a darling neighborhood. Your first welcomed home to a cozy front porch - step inside to a wonderfully…
32 Creek Ridge RoadYour perfect country get-away starts here! Nearly 5 acre lot located less than 5 minutes from 4-season fun in Ellicottville,…
