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

By
Real Estate Agent with Re/Max 100
https://activerain.com/droplet/6nb

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.

 

compliments of Trulia.com

Posted by

 

Regards,  

Indera Coggins(R)
Certified Distressed Property Expert
301-481-0787 (cell)
410-423-1753 (fax)
inderac@gmail.com
www.inderacoggins.com 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Location:
Maryland
Groups:
The Art Of Marketing You
Rainmaking - Internet Marketing Strategies
Online Marketing Help Center
Addicted to Active Rain
RainCamp Alumni

Spam prevention
Show All Comments
Rainmaker
958,864
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Chesterfield, MO
SelectAnn.com

Indera,

Always a good idea to plan ahead!

Ann Hayden in Wildwood, MO

Mar 08, 2011 02:58 PM #1
Rainer
143,951
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
Rainmaker
1,942,020
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 - http://actvra.in/4hVj 

Jul 02, 2014 08:35 PM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
143,951

Indera Coggins

Ask me a question
*
*
*
*

Additional Information