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DID TAX REFORM KILL THE LUXURY MARKET IN BELLEVUE? NOT SO FAR!
Bellevue Luxury Homes have seen also seen a growth in appreciation with homes in the following price bands showing gains. I wouldn’t say the Luxury Market is super hot, because homes at this price point are a discretionary spend.
The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative impact on the luxury housing market.
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