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Pivotal Points - The Cost of Retirement

Lakeside Cottages at Old Waverly      West Point and Clay County occupy a fertile, productive prairie. Listed on the National Resister of Historic Places, downtown West Point contains buildings constructed in the late 1800's, most recently renovated.

Combine West Point's pleasant, small-town atmosphere with the beautiful rolling hills and it easy to understand why this area is a great place to live.

A variety of housing is available for every wish and budget. Historic homes grace the neighborhoods close to the downtown area. Two downtown neighborhoods are listed on the National Register of Historic Places.

Beautiful wooded lots characterize the new, more modern homes that have been built. The average cost for a new three bedroom, two bath residential home is $65,000 to $100,000.

The Henry Clay Retirement Community offers independent, active seniors a unique housing alternative. Located in the restored historic landmark Henry Clay Hotel, residents are no longer bothered with household concerns. Apartments are unique and reflect each resident's personal style. The complex includes The Point Restuarant, meeting rooms, a nostalgic parlor, and 24 hour a day security.

Perhaps, country club living is for you. Garden homes, estate homes, and lots are available at the Old Waverly Golf Club and Residential Community. Expect homes in this category to cost $120,000 and up.Main Entrance - Old Waverly Golf Club and Residential Development 

Adding to the value of housing in West Point are responsive city services, a low crime rate and low property taxes. Annual taxes for a typical home valued at $80,000 would be $512 if the owner was under 65 years of age. Property owners over the age of 65 are exempt from all ad valorm taxes on the first $60,000 of property.

Mississippi does not tax estates valued at less than $600,000. Retirement income is not taxed, and there is no inhertance tax.

 

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