| 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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Search ALL Florence Properties |
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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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Pamela Yarbrough - Principal Broker
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Office Phone: 541.997.7777 ext. 112
Toll Free: 1.800.999.5343
Fax: 541.997.7159
Home Phone: 541.997.5323
Cell Phone: 541.999.8372
yarbrough@oregonfast.net
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Two great things have happened this past year! My best friend for life, JC and her husband, Chick, has moved to Florence. We are still working out schedules and trying to spend as much time as possible together. With JC came her Maltese puppy, Oogy. After taking care of her when they moved, we just had to have one! Dickie and I have a 10-month-old Maltese puppy and we named her Babe. Life as we knew it will never be the same! Florence is still a beautiful place to live…especially when your friends join you!!!
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