Having a higher mortgage can be a huge tax benefit and one of the major benefits associated with real estate ownership. When you are purchasing a new home, it is important to understand the tax ramifications associated with it. The California property tax is approximately 1.25% of the sale price of your new property. This may vary according to the local bonded indebtedness in your area.
Be sure to contact us if you have additional questions and enjoy the real estate tax resources below.
Use this calculator to find out your one-time supplemental tax
Forms and Publications
Tax Software
Tax News Network
Tax Forms online
US Treasury Department web site
Tax Legislation
United States Internal Revenue Code
Tax Service
Yahoo Finance/Tax
Taxes and the IRS
CNN Taxes/Finance on line
Federation of Tax Administrators
National Tax Association
IRS Home page
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