N EW S May & June of 2015
185 West Broadway Jackson Hole, WY (888) 733.9009
www. jhsir .com
R E A L ES TAT E
®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Oppor tunity Company. Equal Housing Oppor tunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.
WYOMING - THE NATION’S MOST TAX-FRIENDLY STATE
PROPERTY UPDATE!
A sampling of our brokerage’s listings, far and wide by Staff Writers
The following pages provide an overview of the unique types of properties available within the greater Jackson Hole area. The properties offered by Jackson Hole Sotheby’s International Realty range from $20K fractional condos to $35M private ranch estates. Our listings can be found within town, throughout the county, slopeside at Jackson Hole Mountain Resort, and in the far corners of Wyoming and Idaho. See SELECTED LISTINGS on pages 5, 7, 11, and 13
Pictured Above: From the summit of Snow King Mountain, our town’s local hill, panoramic views can be enjoyed of the Town of Jackson, the National Elk Refuge, Jackson Hole Mountain Resort, and Grand Teton National Park.
No corporate or individual income tax keeps Wyoming on top
by Staff Writers
The one hundred and fifth day of the year, April 15th, also known as “Tax Day” is the annual day on which individual tax returns are due to the federal government. Not traditionally a day of celebration for most taxpayers. However, if you live in Jackson Hole or in another part of the Equality State, you were not hit with as great of a tax burden as the remaining 49 states in the Union. There are many reasons why Jackson Hole is a desirable place to live, but come mid-April you can be even more grateful for Wyoming’s overall tax climate benefits. Wyoming has once again been awarded the most tax-friendly state in the Union for the fiscal year of 2015. The state’s dismissal of corporate and individual income tax secured its top rank in The Tax Foundation’s State Business Tax Climate Index. The tax benefits of buying a home in Wyoming are substantial, according to David Toran, CPA. David is the owner of Toran Accounting, a certified public accounting firm in Jackson that provides tax preparation, planning services and specializes in the tax implications of real estate transactions, investment income, and small businesses.
“We work with clients all across the country,” says Toran. “It always amazes me the amount of money clients save in taxes when they have established residency in Wyoming. There is no state income tax. No state gift tax. No inheritance or estate tax in Wyoming. Let’s take two clients—one from Wyoming and one from another state. They sell the exact same stock. Both have a gain on that stock of $100,000. Long term capital gains tax rates are as high as 13.3% in other states. One client is paying up to $13,300 in state taxes alone. The Wyoming client pays nothing! Exact same stock, but the Wyoming client is getting a much larger rate of return simply by being a Wyoming resident. Now apply that to your wages, profits on your business, selling your house, your investment income…. Think about the impact of that over the course of your lifetime. There isn’t even a tax when you leave all that to your children.” Now that tax season is behind us, you can get back to enjoying the numerous other reasons you chose to live in Jackson Hole. Jackson Hole Mountain Resort is opening for the summer season on Memorial Day weekend, the valley’s hiking and biking trails are drying up, Yellowstone and Grand Teton National Park are open, and the rivers are clearing up for fly-fishing. If you’re curious about making Jackson Hole your home, please contact one of our knowledgeable agents today!
JACKSON HOLE’S #1 REAL ESTATE BROKERAGE
The only local real estate brokerage recognized in a national ranking of residential real estate firms by Staff Writers JACKSON HOLE, WY – Real Trends has just released its “Real Trends 500” ranking of residential real estate firms for 2015. Jackson Hole Sotheby’s International Realty made the list of top brokerages for sales by volume and was the only company in Jackson Hole, the region or the state to make the list among the top 250. The Real Trends 500 relies on independently verified sales data in compiling its unbiased rankings of the most successful real estate brokerages in the nation. This particular ranking accounts solely for sales volume and pits our brokerage against the largest brokerages and markets in the nation. Real Trends also publishes the report “Real Trends - The Thousand” in conjunction with The Wall Street Journal to rank the top one thousand individual real estate agents and teams. In 2014, the most recent ranking available, “The Thousand” honored JHSIR’s Spackmans & Associates team as the 47th team in the nation by sales volume. Thank you to all of our agents for continuing to make Jackson Hole Sotheby’s International Realty the best choice for all of your real estate needs in Jackson Hole, Teton Valley and beyond.