How To Buy A Property In Upstate New York And Actually Save On Your Tax, Too.

Posted by Elite Internet Technologies on January 18th, 2016

If that headline looks a bit counter-intuitive, and the idea of actually saving tax by buying property seems a bit strange, you obviously know the New York property market very well indeed.

This is the basic story – In Skaneateles, just west of Syracuse, there are80 private acres, with private waterfront and private road access. This is a truly beautiful part of upstate New York, in mint condition, upstate at its best. This is “Genteel New York”, the way it’s supposed to be. The local property market doesn’t have the disturbing in-your-face-ish-ness or trivial unique selling points (“We even have taps and running water”) of the mainstream market. Here, you can have a true personal estate, surrounded by trees, instant privacy, and create your dream palace your way.

The tax angle is interesting, and it makes sense – Tax allowances are made for applyingland conservation easements to the land title. Also known asproperty conservation easements, these easements are rights granted over specific areas of the land.

If you check with your attorney, you’ll find that this is a very simple legal process.Property conservation easement rights are not onerous. These easements are actually the new approach to best practice land management, and simply mean that the current pristine condition of the land is not disturbed.

In management terms, if anything needs doing, the responsibility for any remedial work or other issues like natural hazard clearance is actually on the local authority or government agency, not on the landowner. For granting these rights, you receive offsets against your personal tax.

The land is zoned to build. You can create your own personal oasis in peace. This is very much a case of having the cake and eating it too. The land around here is truly magnificent, the lakes are stunning, and the local town is a living picture of the quality of American life you’d expect to see in movies.

For more information, and what will certainly be a revelation to jaded New York property buyers, visitwww.skaneatelesland.com. Expect some very pleasant surprises, and take a little time to research the area, too; you’ll be astonished.