Dana Harris - Jackson Hole Real Estate

It seems like I'm on tax theme as I blog today. Recently I've received a lot of questions about property taxes and how they are calculated from those looking to relocate to Jackson Hole. First Teton County enjoys one of the lowest property tax rates anywhere in the country. In fact the only states with significantly lower taxes would be Alabama and Louisiana (2006: American Community Survey, Tax Foundation Calculations). Teton County uses a mill levy applied to an assessed value that works something like this:

Let's say the property is worth $1,000,000, and the mill levy rate is $57.32.

Multiply $1,000,000 (appraised value) by 9.5% to get $95,000 (assessed value).

Now multiply $95,000 (assessed value) by 0.05732 (mill levy divided by $1,000) to get $5,445.40 (annual taxes).

For the formulas to do your own calculations you can go to our property tax page. To download a table of mill levys or to look up property taxes for a specific property you can go the the Teton County Assessor's website or contact us for more information.

There are plenty of great reasons to live in Wyoming: the mountains, the black hills, the big rivers, trophy hunting and fishing, our national parks and substantial public lands, the grand vistas, abundant wildlife and friendly fun-loving communities. One of the main considerations for many when looking to relocate is the cost of living in a particular area. That cost of living is many times heavily weighted by what you pay in taxes. Wyoming residents enjoy a lower tax rate that most any other state and has been cited by Bloomberg Wealth Management as “the most friendly tax state in the country”. Lower taxes means more money in your pocket to enjoy the Jackson Hole lifestyle. For more information go to our tax-friendly Wyoming page.

Recognizing the power of social networking and its growing use in the busness world, Living In Jackson Hole has launched a Twitter feed. The Twitter feed joins our other communication tools including Facebook, LinkedIn and Skype. You can check out our links on our website at:

http://www.livinginjacksonhole.com/index.cfm?id=communicate

To follow us on Twitter click on the Twitter logo

The Jackson Hole 3rd Quarter Market update has just been uploaded to the website. The link to the report can be found at http://www.livinginjacksonhole.com/index.cfm?id=market_update and can be viewed full screen using our DocStoc viewer. The website also contains back issues of this report.

The Hole Report is the work of our Jackson Hole Real Estate Associates, David and Devon Viehman. The Hole Report is the recognized leader in market information for Jackson Hole. The report is published semi-annually, with additional email updates for the first and third quarters. While others attempt to report on our market with MLS statistics only (MLS historically tracks 65-70% of the market) we track every single transaction in Teton County. This data-driven report is the most accurate and trusted real estate news source in Teton County Wyoming. If you would like to sign up for these quarterly email updates, or need more detailed information about our market, feel free to either call or email me at 307-690-5702 or email me at danaharris@jhreassociates.com.

I finally got to play the new Shooting Star Golf Course at Teton Village. To say the course is picturesque is an understatement, the views from in and around the course are absolutely incredible. With a few exceptions you barely see any homes or buildings as you play the course which a design trick favorite of Mr Fazio. Speaking of buildings the over 40,00 sq. ft. clubhouse is very nicely finished and the men's locker room and lounge is very roomy and comfortable. This course can be played easily from the blue or gold tees, the black tees are long and the championship tees make this course down right monstrous at about 7550 yards. Something really amazing is that water comes into play on about 12 of the 18 holes depending on tee and pin placement, making for both a beautiful and challenging round here. The par 4's are some of the longest in the area, my favorite #14 at 449 yards from the gold tees. You also get to finish at the club house with #18, another par 4 at 442 yards from the gold tees. This hole has the potential to be a game killer, dog leg left with water, however favorable tee placement that day gave us a small victory. The upside to finishing the round, ice cold Stella on tap in the members lounge. This course, although newly opened and still maturing, is sure to become the areas best overall private facility taking lnto account accommodations, location and obviously the course. You can click here to compare other Jackson area courses on my website to see a heads up comparison. It is activities like this that make owning real estate in Jackson Hole so rewarding (spoken like an addicted golfer). Besides golf this beautiful area offers so many rich and memorable experiences like fly fishing, hiking, cycling, camping and the list goes on and on. If you'd like more information about the real estate options available at Shooting Star or other areas of Jackson Hole please give me a call. We'll help you make the Jackson Hole lifestyle your own.

A few iPhone pictures from the course: