Fort Bend Owl
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Posts: 29,699
Joined: Jun 2005
Reputation: 482
I Root For: An easy win
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RE: tax bill....guess who's housing deductions go adios.... ;)
I believe my brother in the Bay Area pays $22,000 a year in property taxes. He's not a millionaire by any stretch but his home is valued close to a million I think (it would probably go for half that here in Houston but it's impossible to find a home on a hill in Houston - especially one with a view of the San Francisco Bay!). He admits his base taxes are going down but because of the 10K cap in property tax deductions, his overall tax total might be a bit higher (but it's close and they haven't figured out the final numbers yet).
I need to figure out my 2017 taxes but have just been too busy to do so. My guess is I'm paying the government money for the first time since college.
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| 12-21-2017 06:17 PM |
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