If the property is not served by municipal sewer, a passing perc test is essentially mandatory for any buyer who wants to build. Without it, the land is unbuildable - making it worthless to most purchasers. Perc tests cost $500 - $1,500 and are typically valid for 3-5 years depending on municipality. A failed perc test severely limits your buyer pool to those willing to pursue alternative septic systems, which are significantly more expensive.
From the seller playbook: Selling Land in New York - Subdivision, Zoning, and Development Potential
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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