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Edmond Public School
District
405-340-2800
Overall Student/Teacher ratio is 20:1
85% of graduating students attend college
ACT Scores: Edmond = 22.7; U.S.
Average = 21.0
SAT Scores: Edmond = 1153; U.S. Average = 1017
Oklahoma Public
Schools
61 Elementary Schools
9 Middle Schools
7 High
Schools
4 Special Centers
Putnam City
Public Schools
17 Elementary Schools
1 Central Intermediate
5 Middle Schools
3 High Schools
Private
Schools
Colleges & Universities:
University of Central Oklahoma
405-974-2000
Oklahoma Christian University
405-425-5000
Oklahoma City Community
College
Oklahoma State University
- OKC Campus
Oklahoma State
University - Stillwater
University of Central
Oklahoma - Edmond
University of Oklahoma
Health Science Center
Get Free Oklahoma City, Edmond and Deer Creek School Reports From Local Experts, Quickly by Email
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Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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| Q |
What is the world's most capacious building?
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| A |
The Boeing Company's main aircraft assembly plant in Everett, Washington, has been expanded to a capacity of 13.4 million cubic meters, or 473 million cubic feet. |
 See More Real Estate Trivia > |
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