Agent Profile
My job is service...service to you and your real estate transactions! How can you benefit from my 25 years of experience and expertise? What can I offer to make the process more productive?
* Current information on available housing...comparative and competitive market pricing and analysis
* Daily involvement in the local real estate marketplace.
* Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business.
* Extensive network of professional resources to make the process as smooth as possible.
My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!
JANEESE JACKSON: 503-709-0802 or jj@janeesejackson.com
Andy Williams sings “Can’t Get Use to Losing You”
In recent weeks, many proposals suggesting a variety of changes to the tax system have been discussed. One has been elimination of our mortgage tax deduction. If the mortgage interest and real estate tax deductions were eliminated, the loss would not be a one-year event. Homeowners would lose out on benefits each and every year. The present value of these lost savings could total $3.2 trillion. The value of all owner-occupied real estate in the United Sates in 2009 was $19.3 trillion (will be updated for 2010). NAR (National Association of Realtors) believes that if the lost tax savings are fully capitalized into the price of homes, the average decline in value would be 17%. For the typical homeowner, this could mean a loss in value of $29,500*. Here are some mortgage interest deduction facts*:
Mortgage Interest Deduction Facts:
- 50 million/68% of the approximately 75 million owner-occupied houses in the US in 2009 had a mortgage.
- 38.5 million taxpayers claimed a deduction for mortgage interest (MID) in 2008.
- The average taxpayer claiming the MID deducted $12,200 from taxable income in 2008.
- The average taxpayer saved $3,050 in taxes by claiming the MID.
Real Estate Tax Deduction Facts:
- 42 million taxpayers in the US claimed a deduction for real estate taxes in 2008
- The average taxpayer claiming the real estate deduction subtracted $4,090 from taxable income in 2008
- Therefore, the average taxpayer saved $1,020 in taxes as a result of the real estate tax deduction.
- The total savings from the real estate tax deduction in the US in 2008 was $43 billion.
*all figures from realtor.org
About the Author | Janeese Jackson
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