Tax implication of selling a rental property

[Jeff Betschart]

I am getting ready to sell a rental property and wanted to talk to someone to understand exactly what I will have to pay capital gains on and what is the approximate percentage that those gains would be. 

I also need to understand how the depreciation recapture works and what they might look like. 

Round numbers to make it easy: 

Original purchase price 300k 

Sales Price 500k

Equity today 250k

Depreciated for 6 years