ONE OF THE WORLD’S SPECIAL PLACES
Jackson Hole’s stunning natural beauty, diverse ecosystems, and abundant wildlife, is so unique, that this area has been designated by the United Nations and the U.S Department of the Interior as a “World Heritage Site” signifying its value and importance to the planet.
Jackson Hole is located in the heart of 2.7 million protected acres of beautiful and unspoiled mountain ranges, wilderness areas, wildlife refuges, National Parks, National Forests, glacial lakes, and wild rivers such as the Snake River. The breathtaking Grand Teton Mountain Range rises dramatically above Jackson Hole to the north and west while the Gros Ventre Mountains frame the valley’s eastern border. Jackson Hole is the gateway community to Grand Teton and Yellowstone National Parks.
Jackson Hole is a premier destination for all seasons and is renowned for its countless recreational opportunities including: downhill and cross country skiing, world-class fly fishing, hiking, mountain biking, climbing, horseback riding, big game hunting, snowmobiling, hot air ballooning, white water and scenic rafting, boating and golfing on 5 championship golf courses.
JACKSON HOLE IS A THRIVING MOUNTAIN COMMUNITY WITH A REMARKABLE LIST OF CULTURAL ACTIVITIES, THE ARTS AND ENTERTAINMENT
The Grand Teton Music Festival offers great classical and other fine music performed by outstanding artists. Musicians and conductors come from across the nation to spend summers playing in Jackson Hole.
The Center for the Arts supports 20 art organizations, international film festivals and has a 525-seat theater, plus, dance, pottery and painting studios in a state-of-the-art building.
The National Museum of Wildlife Art features a renowned permanent collection. The building etched into the hillside north of Jackson Hole overlooks the 25,0000 acre National Elk Refuge. MORE THAN 30 ART GALLERIES feature works from western, to contemporary, to abstract.
BESIDES THE OBVIOUS, THERE ARE REAL ADVANTAGES TO LIVING IN JACKSON HOLE
Wyoming is the “most tax friendly” state in the United States, according to the 2010 Bloomberg Wealth Manager. Wyoming has no state income tax, corporate tax, estate tax, capital gains tax or trust tax. In addition, sales tax, property tax and inheritance tax are among the lowest in the United States.
Wyoming Tax Benefits include:
1. No state income tax. No state tax on personal or corporate income.
2. Dynasty trusts: In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years through a dynasty trust. You can establish a trust in Wyoming for the benefit of your family or other beneficiaries. You can transfer your real estate into a limited liability company or family partnership and then put that into the ‘dynasty trust,’ which can continue for a thousand years. As a result, multiple generations can make use of and enjoy the property, without having to pay estate taxes or worse, having to sell the property in order to pay the taxes. A key point to remember: The trust must be administered in Wyoming.
3. No inheritance tax or estate tax: Wyoming repealed its estate tax as of January 1, 2005.
4. No state gift tax: Somebody who owns property in Wyoming can ‘gift’ that real estate to their heirs without paying a state gift tax.
5. No tax on out-of-state retirement income: People in Jackson Hole who use Wyoming as a second home may have retirement income that comes from other states where they are a resident. Wyoming doesn’t tax retirement income earned outside of Wyoming.
6. Low property taxes: Wyoming has very low property taxes compared to other states. The taxes that you do pay here are based on the assessed value of the property. For Teton County the rate is 1.2 percent of a property’s assessed value. The rate for the city of Jackson is 8/10 of one percent.
7. No excise sales taxes: When you fill up your car’s gas tank or buy a bag of groceries in Wyoming, you won’t pay any state tax on your gas or food.
8. No tax on mineral ownership: Many states charge owners a tax on their mineral ownership, but Wyoming does not.
9. No intangible taxes: Wyoming doesn’t tax financial assets like stocks and bonds.
10. No tax on the sale of real estate.