You don’t have to miss seeing the Teton Range when you wake up to it every day. Listed at just $475,000 this exquisite two bedroom, 2 bath property is located only minutes away from downtown Jackson and Grand Teton National Park. Experience year-round excitement with nearby golfing, hiking, fishing and exploring during the summer as well as alpine & cross country skiing, snow shoeing and snowmobiling during the winter. You’ll also experience frequent wildlife sightings while enjoying the peaceful view of the seasonal creek from your back deck.

If you’ve been to Jackson Hole, Wyoming you’ve been thinking and talking about owning property in the area. This one bedroom, 1 bath condo is only yards from Flat Creek and just a five minute walk to Town Square. Snow King Mountain is located one mile away while Jackson Hole Mountain Resort and Grand Teton National Park are both less than twenty minutes away. This gem is centrally located and close to all of your favorite activities. Reduced by $20,0000, and priced to sell. Take advantage of Wyoming tax laws while owning property in this beautiful resort town. Grab this one at $215,000 before it’s gone.

*See previous post about Wyoming Tax Laws.

According to the Bank of Jackson Hole, there are 10 good reasons to own a home in Wyoming.

1. No State Income Tax

With no state tax on personal or corporate income, “you have more disposable income,” Jones says.

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,” Jones says. “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 or Estate Tax

“Wyoming repealed its estate tax as of January 1, 2005,” Jones says.

4. No State Gift Tax

“Somebody who owns property in Wyoming can ‘gift’ that real estate to their heirs without having to worry about paying a state gift tax,” Jones says.

5. No Tax on Out-of-State Retirement Income

“A lot of people in Jackson Hole use Wyoming as a second home,” Jones says. “They have retirement income that comes from other states where they may be a resident. Wyoming doesn’t tax that retirement income that’s earned outside of Wyoming, which is certainly beneficial.”

6. Low Property Taxes

“Wyoming has very low property taxes compared to other states,” Jones says. “The taxes that you do pay here are based on the assessed value of the property.” For Teton County, he says, 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 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

“A lot of states charge owners a tax on their mineral ownership, but Wyoming does not,” Jones says. “If you own minerals, you won’t pay a tax on it like you would your home.”

9. No Intangible Taxes

Wyoming doesn’t make you pay a tax on financial assets like stocks and bonds.

10. No Tax on the Sale of Real Estate

Wyoming does not tax the sale of real estate.