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All agents are NOT alike! Find out why we are top real estate experts. Call us: 512-646-1335.

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Mike's Move Up Program
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Call or email us. Ask for a free In-Home Presentation. We will come to your Austin, Cedar Park and Leander home or office, and present you a plan that details exactly how we will market your home. There is absolutely no obligation so don't let this opportunity pass. It is part of our job as top real estate agents to offer you this service. 

Ask us ANY question about selling your home or property. Or request our FREE in-home presentation of how we would market your property in Austin, Cedar Park and Leander! There's no obligation, and we promise to get back to you quickly... 

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Real Estate Tips
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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Real Estate Trivia
Q 
Where are church services held in the water each Sunday during July and August?

A 
At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes.
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The Mike Kight Home Team, REALTOR®, real estate agents and broker for Austin, Cedar Park and Leander, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Mike Kight Home Team
RE/MAX Capital City

1903 Cypress Creek Rd., Suite 101
Cedar Park, TX 78613
512-646-1335
Fax: 512-744-4601
mikekight@NUMBER1EXPERT.com


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