You will never have to pay to be listed as a top neighbor. Period. That important detail clarified, let's discuss how we arrive at two "top neighbors" for a given region:
Localism is a bustling collection of hyper-local communities, and the top neighbors should reflect those members who are most active. When ranking users in a given region, several factors are considered. To get your foot in the proverbial door, you need to have posted at least one "Localism" article or photo for the region.
The very best way to quickly rise to #1 is to post high-quality local content. Keeping a steady strem of incoming posts and photos will massively tilt the scales in your favor.
What doesn't count toward the top neighbor ranking? ActiveRain points and community sponsorships. The top neighbor spots will always go to the most active members in a region. We want to create a level playing field that encourages the growth of communities — talent and dedication are required to win the day.
The Lewes Polar Bear Plunge, held annually on the first Sunday in February, has developed into a truly unique Delaware happening and has also become one of Special Olympics Delaware’s most significant fundraisers.
Celebrating its 21st year, the plunge has become one of the most popular events in the state of Delaware. The uniqueness of this event, unlike many others, is that it spans all genders, age groups, income levels, and every demographic area of the state, with participation extending beyond our state's borders. It truly is a family and friends event!
Buying Delaware Retirement Real Estate Offers Tax Advantages & Income Tax in De(Delaware) (Delaware) DE State Tax
The Delaware Beach Real Estate market provides an excellent opportunity for those looking for a Delaware retirement to take advantage of the DE's low property taxes. If you plan to move to another state when you retire, it only makes sense to examine the tax burden you’ll face when you arrive. State taxes are increasingly important to everyone, but retirees have extra cause for concern since their income may be fixed.
We will explore information on Income Tax in De(Delaware) & (Delaware) DE State Tax, state income taxes, sales and fuel taxes, taxes on retirement income, property taxes and inheritance and estate taxes, as well as sales and fuel taxes.
Significant Tax Advantages in DE
• NO State sales tax. DE State Sales Tax
Delaware does not collect sales taxes. Delaware collects a Gross Receipts Tax (GRT) which is a business and gross receipts tax that can total 2.07%. States with the highest sales tax are: California (8.25%), Indiana (7%), Mississippi (7%), New Jersey (7%), Rhode Island (7%), Tennessee (7%), Minnesota (6.875%), Nevada (6.85%), Arizona (6.6%), Washington (6.5%), Kansas (6.3%), Texas and Illinois (6.25%).
• NO State tax on Social Security income. • NO personal property taxes. • One of the lowest property tax burdens in the nation. Sussex County homeowners taxed on 50% of property’s current market value based on a 1974 assessment and with no property tax increases for over 21 years, the average 2011 Sussex County property tax bill on a single-family home was only just over $100 annually. (Sussex County Government May 18, 2010) • Kiplinger's PERSONAL FINANCE Magazine picks DE as one of the 10 most tax-friendly states for retirees. • Pension Exclusions: For each person 60 and over, up to $12,500 of pension and eligible retirement income are exempt from Delaware income tax. • Each qualified homeowner 65 and older in Sussex County receives a Senior Citizen Property School Tax Credit up to $500. • $110 in tax credits multiplied by the number of persons age 60 and over, plus the number of personal exemptions allowed for Federal purposes. • America’s Most Wealth Friendly States: Ranked as one of the top four states (with Alaska, Nevada, and South Dakota) as being the Best States for Trusts. Major reasons: No tax on assets held in a trust, allow dynasty trusts permitting assets to pass to future generations and avoid estate taxes, seek to protect trust assets from lawsuits and creditors. SOURCE: Thetrustadvisor.com • Corporate Capital of the World:Delaware’s pro-business tax and corporate laws have made it a corporate haven. As of November 2010, nearly 900,000 companies are charted as Delaware corporations. In the last seven years 80% of new IPOs have made Delaware their corporate home.
A vacation home is only considered rental property if you rent it out for more than two weeks per year. If you wish to keep it as a family retreat or retirement property, renting your property out for can bring in enough extra income to help pay for property taxes, upgrades, and maintenance.
Primary Home Sale Exclusion
There are no age requirements for the Primary Home Sale Exclusion on up to $250,000 profit for a single home seller and up to $500,000 gain for joint returns, on any house you've owned and occupied as your main residence for at least two of the five years before the sale.
All information presented is subject to change without notification. Please consult with an attorney or tax advisor regarding eligibility for any tax or other benefits.
The Kick Off Party for Relay for Life in Western Sussex County in Delaware will be held January 24th at the Seaford Elks Lodge. The party starts at 6:30 and is open to the community. All are invited to attend.
The kick off party is free to attend and is not a fund raising event. The meeting will be a forum to inform the community and increase participation in the Relay for Life Event. The Relay for Life event will be held the first week in June and will last through the night.
Relay for Life Events are held all around the country to raise funds for the American Cancer Society. The first Relay for Life was in 1985 when a doctor in Tacoma, Washington walked around a track for 24 hours to raise funds for the American Cancer Society.
The tax-friendly state of Delaware is ideal for retirement living and offers a wide variety of communities perfect for active adult living. Heritage Creek Delaware is a popular community among active adults yet it is open to residents of all ages. Schell Brothers opened this community of beautifully designed homes in 2008. Today interested homebuyers can select from new construction or resale homes priced from the mid $200’s to the mid $300’s.
Heritage Creek is located within the town of Milton in Sussex County, Delaware. The charming historic district is just a short walk from the community as are plenty of parks ideal for quiet walks or leisure bike rides. Popular area attractions include the Milton Historical Society, the Milton Theatre, the Prime Hook National Wildlife Refuge and many more. The area offers fantastic fishing on Wagamon’s Pond and the Broadkill River. There are plenty of sandy beaches to discover and wonderful golf courses as well. The town of Dover is just 25 miles away where visitors come for shopping, dining and entertainment.
With just 400 homes, Heritage Creek is a nice size where neighbors get to know each other and take pride in their small-scale community. The homes feature beautiful curb appeal with Craftsman and Victorian designs adding to the charming and quaint feel of the community. Tree lined streets, lush landscaping and wide boulevards add to the beauty of this elegant Delaware retirement destination.
Amenities within the community will consist of a 5,000 square foot clubhouse. Plans call for an outdoor swimming pool with Jacuzzi and a playgroup perfect for grandkids.A main attraction of this community over other more traditional age-restricted active adult communities is the opportunity to live among a younger crowd and potentially even share a neighborhood with grown children and grand children as well.
Homes at Heritage Creek are available as either traditional single-family style or attached duplexes. Sizes range from nearly 1,500 to 2,700 square feet. The home designs feature meticulous attention to detail and offer a wide variety of upgrades. A low monthly association fee covers grass cutting and lawn maintenance, snow removal and garbage collection. Exterior designs of the homes in either Craftsman or Victorian styles add to the beautiful curb appeal of the community. Many of the homes boast exterior details such as wide front porches, brick accented beams and overflowing window boxes.
There are many attractions drawing Delaware retirees to this friendly, tight-knit community. Charming curb appeal and quality built homes combine with the ideal location to create a wonderful destination for the Delaware retiree. Another bonus is the low property taxes and tax free shopping!
For more information and photos of this and other DE active adult retirement communitiesplease visit 55Places.com. To stay in touch with us please join our Facebook page by clicking the Facebook link below.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
