Project the Income Tax Consequences of a Refinance or Property Tax Appeal

Real Estate Agent with Re/Max 100

Came across this in an email I received and wanted to share.

Project the Income Tax Consequences of a Refinance or Property Tax Appeal

Homeowners everywhere are working on applying for a lower property tax bill on the basis of the last few years' decline in their home's value. Those who have equity have flocked en masse to refinance their 7% home loans into the 4% to 5% rates of the last few months. These strategies offer some of the heftiest household savings out there for the corresponding investment in time and money they take. But here's a caveat for savvy homeowners who slash these costs: remember that property taxes and mortgage interest, the very costs you're minimizing, are also the basis for the major tax benefits of being a homeowner. So plan ahead for your income tax deductions to go down along with your taxes and interest.


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Indera Coggins(R)
Certified Distressed Property Expert
301-481-0787 (cell)
410-423-1753 (fax) 


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Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Chesterfield, MO


Always a good idea to plan ahead!

Ann Hayden in Wildwood, MO

Mar 08, 2011 02:58 PM #1
Indera Coggins
Re/Max 100 - Dunkirk, MD

Hey Ann, Good morning.

It seems as though most people want to appeal their tax bills and think it would be in their best interest.

Have a great day!

Mar 10, 2011 02:14 AM #2
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I'm surprised we are still in the low 4% range ! Good news for this blog post - 

Jul 02, 2014 08:35 PM #3
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