Wyoming Tax Benefits

Wyoming Tax Benefits

Wyoming Tax Advantages

 
​Wyoming  continues to reign as one of the lowest taxed states in North America.  No state income tax helps residents of Jackson Hole stretch their hard earned dollars. With no tax on out-of-state retirement income, retirees are choosing Wyoming to increase their retirement dollars.  Own  a vacation home in Jackson Hole, Wyoming?  Set up a Dynasty Trust to allow multiple generations to make use of and enjoy the property, without having to pay taxes or worse, having to sell the property to pay taxes.
 
Tax Benefits of Living in Wyoming                                                 
 
  • No state income tax
  • No tax on the sale of real estate
  • No state capitol gains tax
  • Dynasty Trust
  • No Inheritance tax and no estate tax
  • No state gift tax
  • No tax on out-of-state retirement income
  • Low property taxes
  • No excise tax
  • No tax on mineral ownership
  • No intangible tax
  • Low sales tax
 
Tax Benefits of Land Conservation with Conservation Easements
 
A conservation easement is a voluntary agreement between a land- or ranch-owner and a non-profit organization called a land trust.  The easement permanently restricts or reduces development that can occur, on some or all of the property, to protect the land’s scenic and wildlife resources.  The donation of a conservation easement can result in significant tax benefits if the easement meets certain IRS criteria.
 
Benefits of Land Conservation                                                                                      Conserve Jackson Hole Ranch Lands
 
  • Landowner retains the ownership of their land
  • Privacy without public access
  • Freedom to use, own and sell the property
  • May realize significant tax benefits
  • The land’s scenic and wildlife attributes will be protected forever
A comprehensive book on the tax benefits of the charitable contribution, or bargain sale, of a conservation easement: A Tax Guide to Conservation Easements, written by Jackson resident, Timothy Lindstrom, is available for purchase.
 
Wyoming Land Trusts
 
Jackson Hole Land Trust
Wyoming Land Trust
Wyoming Stock Growers Agricultural Land Trust 
The Nature Conservancy – Wyoming    
 
Please consult with your tax advisor  for specifics and the most recent tax law changes. 

Whether you’re relocating to Jackson Hole, or want to buy a vacation home, primary residence, second home, resort property, condo, townhome, land, horse property, Teton view home, golf estate or ski-in/ski-out home, you’ll find all Jackson, Wilson, and Teton Village real estate listed for sale here. You need an advocate, a buyer's agent to represent your best interest, with confidentiality, Teri will you acquire a Jackson Hole property for your 1031 exchange, investment, second home or future retirement.  Take advantage of the many tax benefits of Wyoming residency. Already own a home in Jackson Hole?  Interested in knowing the value in today's market? Thinking about selling? Talk with Teri about creative marketing to attract qualified buyers for your home.  Teri McCarthy is the Broker/Owner of Jackson Wyoming Real Estate.  Teri holds the designations of ABR (Accredited Buyer Representative), CRS (Certified Residential Specialist) and RSPS (Resort and Second Home Specialist) matching buyers and sellers with Jackson Hole properties since 1989. All rights reserved 2015 Teri McCarthy Inc and Teri McCarthy, Realtor, ABR, CRS, RSPS.