| Florence Oregon
Real Estate |
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100 HIGHWAY 101
P.O. BOX C
FLORENCE, OREGON
97439
1-800-999-5343 |
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| Real Estate Tips |
Income Savings Tax
Because of income tax deductions, the government is basically subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income.
For example, assume your initial loan balance is $150,000 with an interest rate of eight percent. During the first year you would pay $9969.27 in interest. If your first payment is January 1st, your taxable income would be almost $10,000 less – due to the IRS interest rate deduction.
Property taxes are deductible, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation. |
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Carrie Ott - Broker
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Office Phone: 541.997.7777 ext. 102
Toll Free: 1.800.999.5343
Fax: 541.997.7159
Cell Phone: 541.991.2040
carrie.ott@cbcoast.com
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Spring is a great time to visit the Oregon coast and is one of Carrie's favorite times of year. She enjoys watching the spring color brighten up her hometown of Florence. She has quickly become one of the top agents in the firm, and now is in her 10th year at Coldwell Banker Coast Real Estate. She prides herself in attention to detail and through follow up with her clients. She and her husband of 8 years (Brandon) enjoy water sports and the dunes; just part of all the great amenities Florence has to offer.
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