Does anyone know how much the taxes are that you have to pay if you win the st. jude dream home?

Answer 1

Plan on 50% of fair market value. That is what the previous winners of the The HGTV's Dream home winner shelled out. All but one have sold the property to pay the taxes and walk away with 200 to 300 k. The one holdout can't afford the home and cannot rent it out per the neighborhood's rules. Read about it here:

http://www.msnbc.msn.com/id/10654803/

http://www.bellaonline.com/articles/art38491.asp

http://en.wikipedia.org/wiki/HGTV_Dream_Home