Real estate taxes may change depending on local taxes and policies. So besides learning about the applicable tax, it is essential to learn about the history of any increases or decreases in past years and the stories behind these changes.
(PRWEB) February 12, 2012
The home owner tax guide includes:
- Purchase fees that can be deducted by those who bought a home in 2011
- Tax information for home owners that sold a home in 2011
- Reoccurring tax breaks that all home owners can benefit from
- Information on home equity loan tax related issues
The guide is being released in time for home owners to take advantage of the information before the 2011 tax filing deadline. The guide was created in response to questions from home owners on what exactly is tax deductible in regards to their home expenses, how this affects their overall ability to afford a home and how taxes affect the investment potential of buying a home. The 2009 First Time Homebuyers tax credit generated a lot of attention and made the issue of home buyer tax breaks a popular topic.
Many real estate professionals say that understanding taxes is also an important part of the home buying process. Buyers should consider how taxes affect affordability if they are wanting to buy a home in 2012. Adam Leitman Bailey, author of the New York Times best-selling book Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price, had this advice for home buyers:
"An important factor in choosing one potential home over another will be seeing how the fixed monthly and yearly housing costs of each home fit within your budget. Real estate taxes may change depending on local taxes and policies. So besides learning about the applicable tax, it is essential to learn about the history of any increases or decreases in past years and the stories behind these changes."
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.