Dana Harris - Del Mar Realtor

The new Jackson Hole Real Estate Associates office in Teton Village is now open. The office is located in the Village Center at the Jackson Hole Mountain Resort next to the new aerial tram. Stop by and get your free copy of our newly released winter brochure. You can also visit us at the Teton Club, Jackson Hole's best kept secret. The Teton Club, located at the mountain resort, is Jackson's premier private residence club and quite possibly the best ski-in / ski-out location on the mountain. We've received a foot of new power at the mountain and winter is really beginning to shape up for the holiday's so stop by and say hello while your up on the slopes.

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.