Crow Hollow Ranch is situated in Montana’s legendary Paradise Valley. This majestic property which was once inhabited by the Crow Indians encompasses a diverse topography with 198 +/- deeded acres, over a half mile of Suce Creek, a beautifully designed period-style farm house, historic caretaker’s home, and log cabin…all tucked privately into a dramatic valley with National Forest, and BLM lands surrounding the ranch. List Price $3.6 Million
How The Fiscal Cliff Legislation Affects Real Estate
NAR Government Affairs summary of “fiscal cliff” legislation as passed by the House and the Senate. President Barack Obama has signed the agreement into law.
Real Estate Provisions in “Fiscal Cliff” Bill
Below is a summary of real estate related provisions in the bill:
Real Estate Tax Extenders
• Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014
• Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012
• 15 year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.
• The 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012.
Permanent Repeal of Pease Limitations for 99% of Taxpayers
Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers. These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000. These thresholds have been increased and are indexed for inflation and will rise over time. Under the formula, the amount of adjusted gross income above the threshold is multiplied by three percent. That amount is then used to reduce the total value of the filer’s itemized deductions. The total amount of reduction cannot exceed 80 percent of the filer’s itemized deductions.
These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years. They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012. Had we gone over the fiscal cliff, Pease limitations would have been reinstituted on all filers starting at $174,450 of adjusted gross income.
Capital Gains
The Capital Gains rate stays at 15 percent for those at the top rate of $400,000 (for individuals) and $450,000 (for those filing a joint return). After that, any gains above those amounts will be taxed at 20 percent. The 250/500k exclusion for sale of principle residence remains in place.
Estate Tax
The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that the rate will be 40 percent, up from 35 percent. The exemption amounts are indexed for inflation.
Source: National Association of Realtors
Five Great Outdoor Towns
In their book 101 Best Outdoor Towns (The Countryman Press, 2007) Sarah Tuff and Greg Melville provide a list of great places for visiting, playing – and perhaps staying. Most of the towns make for great family travel destinations. You’ll find tips on where to bunk for the night, rent great gear, find local favs and often affordable dining spots.
Here are five of my favorites:
1. Livingston, MT – Oozing western charm, this historic town is home to fly fishing enthusiasts, writers, artists and mountain lovers. As the scenic backdrop for many Hollywood movies, Livingston is a popular stop over for families heading into Yellowstone Park just 60 miles to the south. One of the country’s most important professional rodeos takes place here over the Fourth of July holiday. Contact: www.LivingstonMontana.com.
2. Taos, NM – Nestled against the Sangre de Cristo Mountains, this artsy town is steeped in Native American history. Enjoy galleries, great Southwestern food as well as hiking, kayaking, down hill and cross country skiing. The adobe architecture and stunning light also make it a photographer’s paradise. Contact: www.TaosChamber.com.
3. McCall, ID – The 5,500 acre glacial Payette Lake is the summer centerpiece in this mountain enclave of fewer than 3,000 full time residents. Surrounded by miles of pristine wilderness the whole gang will enjoy hiking, biking, fishing, rafting and paddling. Once the more than 300 inches of annual snow begins to fall, head to Brundage Mountain Resort or Tamarack Resort for some family friendly skiing. Contact: www.McCallChamber.org.
4. Girdwood, AK – Strap on crampons and hike the glacier or enjoy the mid-summer blueberry festival. This funky and fun town just 40 miles south of Anchorage offers year-round outdoor excitement. Plan now for winter heli-skiing, snow cat and dog-sledding trips led by Iditarod veterans. Contact: GirdwoodAlaska.com
5. Peterborough, NH – Here mountain climbers, hikers, paddlers and skiers are proud of their high energy crossroads and their well-known home town peak Mount Monadnock. At 3165 feet, the pinnacle provides stunning views that compete only with the picturesque town’s winding roads, churches and taverns that are right out of a Currier & Ives print. Trails of nearly every length lead out of town. Contact: www.TownofPeterborough.com
Source: Familytravel.com
Raich Montana Properties LLC Listed in the “2011 America’s Best Brokerages” issue of The Land Report
This publication is known as “The Magazine of the American Landowner”. In this issue leading land brokerages in the US are listed by region. Raich Montana Properties LLC is listed under brokerages in the West (page 49). Each real estate firm is required to provide a compilation of transactions for the year, and share the firm’s business philosophy and provide market insights.
Here’s a recap of the magazine listing for Raich Montana Properties LLC:
Who: Raich deals in ranches and recreational properties in Livingston Montana’s Paradise Valley.
Philosophy: As a one-person firm, her focus is on personal attention for each client instead of handling a large volume of transactions.
Raich’s Market Insight: Raich enjoyed a steady business during the year. She predicts there will be continued investment in this market which may result in a depletion of inventory leaving a scarcity of truly amazing ranch and recreational properties in Livingston’s Paradise Valley.
2011 Sales: <$50 Million Category, with transactions totalling $17.1 Million in 2011 (The Land Report’s computation method).
RAICH MONTANA PROPERTIES LLC RECOGNIZED AS LIVINGSTON MT LEADER BY PRESTIGIOUS REAL ESTATE GROUP
LUXURY REAL ESTATE
For Immediate Release
Date: March 15, 2012
Press Contact: Courtney Jackson, 800-488-4066
SEATTLE – (March 15, 2012) – Luxury Real Estate is pleased to announce the inclusion of Raich Montana Properties LLC in its prestigious network of fine high-end estate brokers and firms. Raich Montana Properties LLC was selected to represent Livingston, Montana at the invitation of Chairman/Publisher John Brian Losh. Mr. Losh extends membership invitations to brokers and firms throughout the world who consistently sell and list in the top 10% of their markets and demonstrate expertise in the marketing of luxury properties.
Currently, Luxury Real Estate includes more than 1,400 members with properties in 69 countries and nearly every state in the U.S.
This exclusive group’s properties can be viewed on the network’s award-winning website
http://www.luxuryrealestate.com/, the most-viewed real estate website expressly dedicated to luxury properties. The site features more than 60,000 of the world’s finest for-sale listings with an average price of more than $2 million. According to the Web information service Google Analytics, LuxuryRealEstate.com receives more than 2.6 million unique page views per month coming in from 197 countries around the world.
Tracy Raich – Broker/Owner may be contacted here or at 406-223-8418. For additional information about Luxury Real Estate.com contact Who’s Who in Luxury Real Estate, 2110 Western Avenue, Seattle, Washington 98121, or call 1-800-488-4066.
Mission Field Airport – Montana’s Airport of the Year
Mission Field Airport recently received the “Airport of the Year” award from the Department of Transportation. Mission Field was one of a handful of airports nominated for the award in 2011. There are 120 public-use airports in the state. Mission Field which was built in the 1950’s underwent a $3.5 million renovation project last summer. The Federal Aviation Administration funded most of the project cost.
Twenty-five planes are based at Mission Field, and the runway services approximately 9000 take-offs and landings per year. Livingston HealthCare uses the airport for approximately 6-10 emergency flights each year and the National Park Service, National Forest Service and the Army Corps of Engineers also use the airport.
http://tracyraich.com
http://www.fltplan.com/AirportInformation/LVM.htm
