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Advantages of Buying Homes for Sale in Jackson Hole, Wyoming

By Rebecca Stratton Subscribe to RSS | February 5th 2012 | Views:
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Known as the Cowboy State, Wyoming is popular for its various state and national parks, rodeos, and rich, Native American-influenced culture. It boasts 22 parks and historic sites like the Boysen State Park, Bighorn National Forest, and the famous Yellowstone National Park, where millions visit the Old Faithful geyser each year. Within 96 miles of this tourist spot is Jackson Hole, a popular vacation site for many Americans. If you prefer an easy access to the great outdoors, buying a home in Jackson Hole is a good idea.

Living in Jackson Hole

Jackson Hole, Wyoming features remarkable sceneries, a rich wildlife, and plenty of recreational opportunities. Residents enjoy a lively arts scene, a convenient airport, and a competitive tax system with numerous advantages. If you live in the area, you can easily access three ski resorts, several art galleries, and a wide array of sports opportunities. You can hike the nearby Gannett Peak, explore the Grand Teton National Park, and participate in music, dance, and theater festivals throughout the year.

Unmatched Tax Advantages

Finance experts consider Wyoming as one of the most tax-friendly states in the US. Owning a home in places like Jackson Hole is therefore highly recommended. If you live in Wyoming, you won't have to pay a state income tax on personal or corporate income. The state also does not require inheritance or estate taxes; you can thus give your real estate to your rightful heirs without paying a state gift tax.

With low property taxes, buying homes for sale in jackson hole wyoming can provide competitive financial benefits to real estate owners. If you live in Wyoming, you are also free from excise taxes for gas or food, intangible taxes for your financial assets, or mineral ownership taxes in case you possess such assets. If you plan to sell your home in the future, the state also does not tax the sale, providing you more freedom to gain profit or revenue.

Retirees considering a second home can also find a tax-friendly haven in Wyoming. Those receiving a retirement income from another state don't have to worry about retirement income taxes that exist in other states. Seniors who want to live a healthy and refreshing life can relocate to jackson hole condos or homes and enjoy the rich wilderness, festive atmosphere, and exciting sports opportunities that include golf, rafting, or hiking.

On Dynasty Trusts

If you own a property in Wyoming, you can protect your real estate from federal taxes for a maximum of 1,000 years through a dynasty trust. Owning homes for sale Jackson Hole companies offer thus allows multiple generations of your heirs to benefit from your property.

Rebecca Stratton - About Author:
If you have questions, please visit us at www.tomevansrealestate.com for complete details and answers.

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