| Florence Oregon
Real Estate |
 |
100 HIGHWAY 101
P.O. BOX C
FLORENCE, OREGON
97439
1-800-999-5343 |
| |
 |
|
|
|
Search ALL
Florence Properties |
|
|
|
|
|
|
|
| |
|
|
|
|
| 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. |
|
|
|
|
|
|
| |
site map |
 |
|
 |
  |
|
|
John Scott - Broker
 |
Office Phone: (541) 997-7777 ext. 122
Toll Free: (800) 999-5343
Fax: (541) 997-7159
Home Phone: (541) 997-2544
Cell Phone: (541) 991-7910
johnscott@oregonfast.net
|
|
The Florence area is a great place to live. There is lots of water: lakes, ocean, rivers and rain. We have good schools, library, hospital, and our historic ‘Old Town’. I have lived in several areas of the country, but very much consider Florence ‘home’. Being active in the service community, local politics and many outdoor activities, I will gladly give you a tour of our community in order to make your real estate decision better informed.
|
|
|
|
|
