HOMEOWNER COULD REAP $8,000 ANNUALLY IN TAX SAVINGS

There are numerous tax benefits of homeownership available to filers, according to a Research Briefing Paper released by C.A.R.’s Research and Economics Dept. In addition to home equity gains that can be shielded from income tax through the sale of a home, there also are interest and property tax deductions available to homeowners when tax time approaches.

According to the paper, the purchase of a single-family home in California today at the current median price of $471,620 would generate a property tax deduction of approximately $4,700 each year .. about 1 percent of the property value. Over a 12-month period, mortgage interest paid would total $26,750, assuming a 20 percent downpayment and a mortgage interest rate of 5.71 percent. That translates into a total tax savings for homeowners in the 25 percent tax bracket of approximately $8,000 for the first year of homeownership.

Larry Robertson Realtors (Link) For all Your Real Estate Needs

Larry Robertson, Realtors®

A Realtor® is a member of the National Association of Realtors® (NAR), and in California, The California Association of Realtors®. As members of these organizations we adhere to a strict code of ethics, as prescribed before membership. This insures that you the consumer will have an ethical representative (as the N.A.R. and C.A.R. prescribed and intended by precepts). I have been a member of both since 1977.

Larry Robertson, Realtors®

12709 Downey Ave Downey 615k 3 BDRM 2 BATH

Why Have Larry Robertson Represent You?

Larry Robertson Realtors

SOLD $320k “as is” (GREAT INCOME OR STARTER HOME)

This is a great located 3 bedroom 1.75 bath house with 996 sq. ft., priced at only $300,000 (Price reflective of “as is” Sale).

• Priced at Only $300,000…
• 3 Bedrooms…
• 1.75 Bathrooms…
• 996 Sq Foot Home…
• 6060 Sq Foot Lot…
• Patio…

Larry Robertson Realtors