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Business, 08.05.2021 04:40 anahicaballero6

Assume your home is assessed at $200,000. You have a $165,000 loan for 15 years at 8 percent. Your property tax rate is 1.3 percent of the assessed value. In year one, you would pay $13,200 in mortgage interest and $2,600 in property tax (1.3 percent on $200,000 assessed value). Assuming you are in a 28 percent tax bracket, by what amount would you have lowered your federal income tax

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Assume your home is assessed at $200,000. You have a $165,000 loan for 15 years at 8 percent. Your p...
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