About Arlington, Mansfield and Fort Worth
ARLINGTON
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Arlington is the third largest city in the DFW Metroplex, with a population of about 310,000. For many years, Arlington grew as a suburb of both Dallas and Fort Worth due to its central location between the big cities. While quietly developing a business economy of its own, possessing affordable land and a hometown feel, made many realize that Arlington was the perfect suburban community and it still is. However, make no mistake, with its progressive development and its close proximity to DFW International Airport, Arlington has grown into a major city itself and with suburbs to call its own.
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 Arlington offers its residents unlimited opportunities. Employment options and progressive economic development abound. A strong and diversified economy from technology, tourism, aviation, medical, manufacturing, construction, service and retail industries is served by corporations as well as thousands of small business owners. We have a well-managed local government that is fair, easy to work with and makes every effort to work with residents and business alike. For the weekend warriors, if you play it, we have it. Amateur sports leagues for all abound, year round. Nearby boating, fishing and hunting opportunities will satisfy even the most seasoned of outdoor enthusiasts.
Mansfield offers numerous opportunities for both business and residential development. Many opportunities exist in terms of land availability within Mansfield. 80 percent of the City's 38.8 square miles of land area is undeveloped. Available sites vary in size and highway access, and typically offer native trees, rolling hills, and grassy meadows, all enhancing creative site development. Mansfield leadership has laid the groundwork for a quality; planned environment sensitive to the relocation needs of business and family’s needs.
Mansfield offers a superb location near the heart of the Dallas/Fort Worth Metroplex, twenty miles from downtown Dallas, and sixteen miles from downtown Fort Worth. D/FW International Airport puts one in a position to be anywhere in the world in just a few short hours. In addition, being located in the Central Time Zone allows communication to the east and west coast for the majority of the workday.
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From its humble beginnings as the site of an army outpost assigned to protect the settlers, Fort Worth has and continues to be at the leading edge of the frontier. Today much of the flavor and attitudes that are the history of Fort Worth lives on. As you walk down the streets of Today much of the flavor and attitudes that are the history of Fort Worth live on. In “Cow Town” you will see ranchers in boots and spurs brushing elbows with businessmen in suits and ties, but don't let that fool you. That rancher might just be your banker or lawyer.
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Cattle and agriculture, as well as aerospace companies and defense contractors, play a major role in the economic foundation of Fort Worth. Fort Worth's western Cattle and agriculture, as well as aerospace companies and defense contractors, play a major role in the economic foundation of Fort Worth. Heritage sits side by side with its internationally renowned cultural district. A diverse choice of housing awaits you. Your choice ranges from modest starter homes to executive homes in a diverse choice of housing await you. Gated communities or you may go native and start your own mini-ranch located just minutes from anywhere in Tarrant County.
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Tax Considerations >Tax Implications of Selling Your House Most of my clients profit from selling their homes, and they often have questions about capital gains tax.
When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010.
Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption.
Consult your tax accountant for more detailed information regarding your particular circumstance.
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| Q |
What high-profile rental property rents for $13,500 a month although the star hasn't lived there for over 20 years?
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| A |
Shirley MacLaine's name is still used to promote her Encino, CA, estate even though she hasn't lived there in years.
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