Montpelier, Indiana
Montpelier is a Great Place to Call Home
WHY MONTPELIER IS A GREAT PLACE TO CALL HOME
I grew up in Montpelier and moved away for a few years as an adult. In 1995, I returned with my wife to start our family. Having lived in a few different cities (from midsize to large cities), I learned to appreciate all Montpelier has to offer with its small-town feel.
- Montpelier is a great place to raise a family.
My wife and I raised two children here and they were able to ride their bikes around town without fear. - Montpelier is a walkable city.
Residents can walk to local shops, walk to the grocery store, walk to the library, walk to our civic (community) center, and walk to church. Also, residents can just walk around our charming city for exercise. - In Montpelier, there are virtually no traffic jams or road rage.
Take that off your stress list. - Montpelier has a low crime rate.
Most residents here are easygoing and our police officers work hard to keep disturbances to a minimum. - Montpelier has a low cost of living.
My wife and I decided that she would be a stay-at-home mom. The low housing prices made it more affordable to live on one income. - Montpelier is a golf cart community.
Golf carts are welcome throughout our community! People drive their golf carts to run errands and also just to cruise the community - Montpelier is a close-knit community.
This might be the best benefit. I feel like I know most people here. When a resident experiences life struggles, the entire community rallies around them with meals, fundraisers, or prayer vigils – whatever need is expressed. - It is easy to get involved in Montpelier.
Community involvement really makes a difference.
Come find out why Montpelier is a Great Place to Call Home!
~Mayor Brad Neff
Opportunity Zones
In 2017, the Tax Cuts and Jobs Act created Opportunity Zones. These are special land designations that qualify investments in these areas for capital gains tax incentives. The entirety of Montpelier rests within the Blackford County Opportunity Zone, which follows the borders of U.S. Census Tract 9751
(North of CR 200N to Wells County Line – East to Jay County Line – West to Grant County Line – see map).
A Qualified Opportunity Fund (QOF) is a project within the boundaries of an Opportunity Zone that has received special tax status from the Internal Revenue Service (IRS). There are many tax incentives associated with investing in QOFs, which will be reviewed below. Investors can find and invest in an already approved QOF, or they can apply to create a new QOF with the IRS.
How an Opportunity Zone Works:
- Sell an asset
- Within 180 days of the sale of the asset, reinvest capital gains in a QOF
- After 5 years in a QOF, 10% of the reinvested capital gains are excluded from federal capital gains tax
- After 10 years in a QOF, any appreciation on the value of the reinvested capital gains is exempt from federal capital gains tax.
Example:
- Jim sells an asset for $1 million and reinvests the money into a QOF within 180 days
- After 5 years, Jim only has to pay federal taxes on $900,000 of the capital gains of that initial $1 million sale
- After 10 years, his $1 million investment appreciates to $2 million. Jim only has to pay federal taxes on the first $1 million.