How Long Do I Have To Reinvest My Capital Gains From The Sale Of Property(raw Land)? Kent

It doesn't work that way with raw land.  Years ago, you could reinvest your gain on a primary residence.  But now, you'll pay capital gains on it in the year you sell it, unless you can do a 1031 tax deferred exchange.  

If you built a primary residence on it, and then sold it, you could walk away with $250,000 (single) or $500,000 (married/joint return) of gain tax free gain.  Even a trailer might qualify for this exemption, as long as it's your primary residence.

From taxes.about.com :
"Individuals can exclude up to $250,000 in profit from the sale of a
main home (or $500,000 for a married couple) as long as you have owned
the home and lived in the home for a minimum of two years. Those two
years do not need to be consecutive. In the 5 years prior to the sale
of the house, you need to have lived in the house for at least 24
months in that 5-year period. In other words, the home must have been
your principal residence."

I just sold a piece of land in West Virgina for $23,000 and I make $107,000 a year filling jointly (wife does not work) how much will I have to pay on taxes for this amount.