Basic Tax Benifits To Home Ownership-Denver Real Estate

It's tax time and if your not already a homeowner here is a quick example to illustrate the tax benifit to owning a home.

The tax deductions you’re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here’s how it works.

Assume:

$9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest)
$2,700 = Property taxes (at 1.5 percent on $180,000 assessed value)
______

$12,577 = Total deduction

Then, multiply your total deduction by your tax rate.

For example, at a 28 percent tax rate: 12,577 x 0.28 = $3,521.56

$3,521.56 = Amount you have lowered your federal income tax (at 28 percent tax rate)

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Real Estate Colorado

Fort Collins Real Estate

Under $200,000	$200,000-$300,000
$400,000-$500,000	$500,000-$600,000
$600,000-$700,000	$700,000-$800,000
$800,000-$900,000	Over $1M

Longmont Real Estate:

Under $200,000	$200,000-$300,000
$300,000-$400,000	$400,000-$500,000
$500,000-$600,000	$600,000-$700,000
$700,000-$800,000	$800,000-$900,000
$900,000-$1M	Over $1M

Loveland Real Estate:

Under $200,000	$200,000-$300,000
$400,000-$500,000	$500,000-$600,000
$700,000-$800,000	$800,000-$900,000
$900,000-$1M	Over $1M

Windsor Real Estate:

Under $200,000	$200,000-$300,000
$400,000-$500,000	$500,000-$600,000
$700,000-$800,000	$800,000-$900,000
$900,000-$1M	Over $1M

Boulder Real Estate:

Under $200,000	$200,000-$300,000
$400,000-$500,000	$500,000-$600,000
$700,000-$800,000	$800,000-$900,000
$900,000-$1M	Over $1M

Lafayette/Louisville Real Estate:

Under $200,000	$200,000-$300,000
$400,000-$500,000	$500,000-$600,000
$700,000-$800,000	$800,000-$900,000
$900,000-$1M	Over $1M

Niwot Real Estate:

Under $200,000	$200,000-$300,000
$400,000-$500,000	$500,000-$600,000
$700,000-$800,000	$800,000-$900,000
$900,000-$1M	Over $1M

What Customers Say About Armstrong Real Estate

"Ian Armstrong has made the real estate sales process effortless. He has helped us buy and sell multiple properties over the years. I couldn't be happier with the overall service he has provided." Drew Stipe

"My Family and I have used Ian for years now and have always had a great experience. I continually refer Ian to all of my colleagues." Autumn Todd

"I have bought and sold three properties with Ian and I have had great results every time we work with him. He has successfully helped us sell properties in tough economic conditions"Jeremy & Jennifer Rehnberg

"We were first time home buyers and Ian educated us on the home buying process and made everything very simple and easy to understand. Most importantly he helped us get a great deal by take advantage of the current market and buying a H.U.D. foreclosed property." Dylan & Rachel Metzger

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