| 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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Contact office for property address.
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| PROPERTY #: |
9013423 |
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Listing provided courtesy of: |
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- The data relating to real estate for sale on this web site comes in
part from the Brokershare (IDX) program of the RMLS™ of Portland, Oregon.
Real estate listings held by brokerage firms other than Coldwell Banker Coast Real Estate
are marked with the IDX logo, and detailed information about these properties
includes the names of the listing brokers. Listing data is
copyright © 2004 RMLS™, Portland, Oregon.
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