Elliott
Elite Member
- Joined
- Apr 23, 2002
- Professional Status
- Certified General Appraiser
- State
- Oregon
Oregon's legislature is trying to balance its budget, even though they have more and more revenue, they spend so much more, (mostly medicaid thanks to ObamaCare):
"....[C]omments were heard during the first debate Tuesday for House Bill 2771, which would revoke property tax deductions for the wealthiest Oregon homeowners who earn at least $125,000 annually, or $250,000-plus when married and filing jointly. Others may deduct only a percentage of their property taxes, the rates of which would be determined by how much income they earn above $50,000, or $100,000 filing jointly.
House Bill 2006, which would allow mortgage interest deductions from loans only on the homeowner's primary residence, excluding vacation homes or other secondary properties. The deductions would also be capped at different thresholds depending on the homeowner's taxable income above or below $100,000, or $200,000 filed jointly."
Not good for real estate values.
"....[C]omments were heard during the first debate Tuesday for House Bill 2771, which would revoke property tax deductions for the wealthiest Oregon homeowners who earn at least $125,000 annually, or $250,000-plus when married and filing jointly. Others may deduct only a percentage of their property taxes, the rates of which would be determined by how much income they earn above $50,000, or $100,000 filing jointly.
House Bill 2006, which would allow mortgage interest deductions from loans only on the homeowner's primary residence, excluding vacation homes or other secondary properties. The deductions would also be capped at different thresholds depending on the homeowner's taxable income above or below $100,000, or $200,000 filed jointly."
Not good for real estate values.
