THE JACKSON HOLE

real estate story

The demand for Jackson Hole’s rustic-yet-refined lifestyle continues to be a driver for the regional market, and Wyoming’s tax friendly climate points toward another strong year for real estate in 2022.

Across the country, demand for resort living has continued to surge over the last two years. Brought on by the events of 2020 and pandemic lifestyle changes, consumers have begun to put a premium on their living situations, choosing to live where they want rather than where they need to. This shift in mentality and the ability to work and stay connected remotely led to a major migration from the city to resort regions throughout the Western United States.

Teton County, Wyoming

2023 Q4 MARKET REPORT
Jackson Hole Market Report Quarter 4
Luxury Outlook 2024

Sotheby’s International Realty

LUXURY OUTLOOK 2024
WYOMING TAX ADVANTAGE

There are so many reasons that those who live in Jackson Hole have chosen to so. The quality of life in nearly unmatched between the scenic beauty, recreation, proximity to Yellowstone and Grand Teton National Parks and the #1 rating by SKI Magazine for the best ski resort in North America.

We also have another rating and it is one that is more practical. For years, Bloomberg has rated Wyoming as the most tax-friendly state in the U.S. As you read through the points below it becomes clear that for many, it make more sense than ever to have Jackson Hole, WY as your primary residence.

  • No state income tax
  • Dynasty trusts can shield your real estate from federal estate taxes for up to 1,000 years
  • Wyoming repealed its estate tax as of January 1, 2005
  • Somebody who owns property in Wyoming can ‘gift’ that real estate to their heirs without paying a state gift tax
  • Wyoming doesn’t tax retirement income that’s earned outside of Wyoming
  • Wyoming has very low property taxes compared to other states
  • No excise taxes in Wyoming
  • A lot of states charge owners a tax on their mineral ownership, but Wyoming does not
  • Wyoming doesn’t make you pay a tax on financial assets like stocks and bonds
  • No tax on the sale of real estate