Check out Dublin and Powell
 Dublin is a fast-growing, vibrant suburb of Columbus, featuring more newer homes than many other Central Ohio areas. This dynamic city offers state-of-the-art schools, the finest parks and recreation centers, open green spaces, arts or crafts or festival events most weekends, and plenty of golf (including Jack Nicklaus' own Memorial Tournament). There's just no finer place to live. Low crime, medium level taxes, wonderful schools, abundance of activities, and strictly-planned upscale housing developments all make Dublin an ideal place to live. Powell, close to Dublin, offers a small village environment surrounded by an abundance of newer, upscale homes in a more rural, pastoral setting. Only minutes from major freeways, Powell is the answer for those who like "country close to the city". The Columbus and Central Ohio area is Ohio's largest metropolitan area and has remained one of the country's fastest growing communities--with good reason. Economically thriving, the Columbus and Central Ohio area is the perfect place to raise a family. Progressive government, a plethora of sports activities, excellent theater and concerts, an abundance or recreational opportunities, low unemployment, only moderate traffic problems and good freeways all make it so. Don't miss the Columbus website...
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Tax Considerations >Taxpayer Relief
Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate.
The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
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| Q |
What is the most expensive piece of property ever recorded?
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| A |
In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
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 See More Real Estate Trivia > |
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