TOP 10

WYOMING RESIDENCY TAX BENEFITS

There are many reasons why people choose to make Jackson Hole their primary residence. Some of those reasons include the quality of life, surreal beauty, and luxurious amenities available in Jackson Hole. Other reasons are more practical and include Wyoming’s tax benefits. Bloomberg continues to rate Wyoming as the most tax-friendly state in the United States.

1. No state income tax

No state income means that you have more disposable income.

2. Dynasty trusts

You can shield your real estate from federal estate taxes in Wyoming for up to 1000 years through a dynasty trust which means multiple generations can use and enjoy the property without having to pay estate taxes or having to sell the property in order to pay the taxes.

3. No inheritance tax or estate tax

Wyoming repealed its estate tax as of January 1, 2005.

4. No state gift tax

You can “gift” property in Wyoming to your heirs without having to worry about paying a state gift tax.

5. No tax on out-of-state retirement income

Wyoming does not tax retirement income that is earned outside of Wyoming.

6. Low property taxes

Wyoming has very low property taxes compared to other states, and taxes are based on the assessed value of the property.

7. No excise taxes

You won’t pay state tax when you fill up your car or buy groceries in Wyoming.

8. No tax on mineral ownership

Wyoming does not charge owners a tax on their mineral ownership.

9. No intangible taxes

You do not have to pay a tax on financial assets like stocks and bonds in Wyoming.

10. No tax on the sale of real estate

CONTACT

Ken W. Gangwer
Sotheby’s Jackson Hole
PO Box 3281
Jackson Hole, WY 83001

info@kengangwer.com

ESSENTIAL INFORMATION

1100 Woodside Drive
Jackson, WY 83001

Price: Available upon request

PROPERTY DETAILS

Type: Single Family Home
Acres: 70
Square Feet: 13,000
Bedrooms: 8 plus one-bedroom caretaker’s quarters
Bathrooms: 11 (9 full/2 half)
Year Built: 1992

This website is not the official website of Jackson Hole Sotheby's International Realty. Jackson Hole Sotheby's International Realty does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this website. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated.

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