Property Tax Assessors Mahopac NY

This page provides relevant content and local businesses that can help with your search for information on Property Tax Assessors. You will find informative articles about Property Tax Assessors, including "The Tax Benefits of Home Ownership". Below you will also find local businesses that may provide the products or services you are looking for. Please scroll down to find the local resources in Mahopac, NY that can help answer your questions about Property Tax Assessors.

Daniel Bizzoco
(914) 736-6582
5 Rome Court
Cortlandt Manor, NY
Licensing Information
State: NJ

License Number: 42RG00162800
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Douglas Geddes
(914) 533-3027
103 Locust Ridge
Cross River, NY
Licensing Information
State: NJ

License Number: 42RG00232400
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Olivia Goldsmith
(917) 817-8926
110 Tripp Street
Bedford Corners, NY
Licensing Information
State: FL

License Number: RZ2821
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Thomas Hefele
(914) 548-7273
9 John Perry
Danbury, CT
Licensing Information
State: GA

License Number: CG279061
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Adam Weber
(917) 664-1139
16-1 Steven Drive
Ossining, NY
Licensing Information
State: NJ

License Number: 42RG00207000
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Daniel Bizzoco
(914) 736-6582
5 Rome Court
Cortlandt Manor, NY
Licensing Information
State: NJ

License Number: 42RG00162800
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Douglas Geddes
(914) 533-3027
103 Locust Ridge
Cross River, NY
Licensing Information
State: NJ

License Number: 42RG00232400
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Olivia Goldsmith
(917) 817-8926
110 Tripp Street
Bedford Corners, NY
Licensing Information
State: FL

License Number: RZ2821
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Thomas Hefele
(914) 548-7273
9 John Perry
Danbury, CT
Licensing Information
State: GA

License Number: CG279061
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

Adam Weber
(917) 664-1139
16-1 Steven Drive
Ossining, NY
Licensing Information
State: NJ

License Number: 42RG00207000
Appraisal Certifications
Certified General
Conforms to AQB Criteria
Yes

The Tax Benefits of Home Ownership


By Jim Sulski for Right at Home Daily

Think the government is greedy? Think again, especially when it comes to owning a home. To own a home is one of the few things you can use and earn a profit from, in addition to receiving substantial tax benefits. These benefits kick in when you buy a home, carry a home mortgage, pay your annual real estate property taxes, and sell your home.

Here's how it works: When you purchase a home, the interest you pay on your mortgage can be deducted from your federal income tax for the year--and in most cases will also help lower your state income taxes. This deduction could lower your housing costs as much as one-third.

What else is deductible from your federal income tax form?

If you itemize your expenses on your tax form, when you purchase a home you often can deduct loan discount points and origination fees in the year of purchase. During the life of the loan, you can deduct the interest you pay on the mortgage. For a new homeowner, this can be a sizable benefit because the monthly house payment is mostly interest in the early years.

If you take out a home equity loan, or a second mortgage for a vacation home, you may deduct that interest on loans of up to $100,000.

Even better than deductions, when you sell your home you can take the first $250,000 in profits (up to $500,000 if you're married) tax-free as long as you and your spouse have lived in the house (as your primary residence) for two of the past five years.



Mortgage interest may be deducted on home loans of up to $1 million. Deductions on home equity loans are limited to loans of up to $100,000. While this sounds good, your ability to deduct declines once your annual family income tops $160,000.

Don't pay more just to get the write-offs. Shop for the lowest interest rate.

If your profit exceeds the $250,000/$500,000 levels, you may owe capital gains tax. If you've owned the home for at...

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