7S June & 1st Half Market Update

Lowest interest rates, lowest listing inventory, COVID-19 mix them together for the most incrdible first half performance I have ever seen at the resort!

Play VisualTour
Share

HV June & 1st Half Market Update

Factors that have created this once in a lifetime sellers market include, lowest iterest rates, lowest listing inventory, AND COVID-19. The picture tells the story!

Play VisualTour
Share

REAL ESTATE TAXES

If you are considering buying property at Hidden Valley or Seven Springs there are multpile factors that should be evaluated BEFORE signing that offer! A big one is real estate taxes. Here we have County, Township. and School property taxes. The County (will have the same millage for both resorts) and Township (HV is Jefferson Twp, 7S is Middlecreek) are based on the calender year. School Taxes (HV Somerset 7S Rockwood) are fiscal running from July 1 through June 30th and those bills are just NOW being sent out.

HV millage for the 2021 year school tax has gone up to 43.24 mills. 7S millage is 21.89 mills. That’s a big difference.

IF the assessed value (the number used to find the tax) were the same say $50,000 th HV tax would be $2,162.00 and the 7S tax would be $1,094.50 

Here’s a link to the 2021 Millages for Somerset County

Share

Tax Deductions for Home Owners

Visit houselogic.com for more articles like this.

Copyright 2019 NATIONAL ASSOCIATION OF REALTORS®

Share

TAX REFORM, HOME OWNERSHIP MATTERS!

Tax Reform, specifically HOW the mortgage interest deduction will be changed, is something EVERY Home Owner needs to understand! According to a study done by Price Waterhouse IF the mortgage interest deduction is passed as presented, of the 80% of home owners who take the deduction ONLY 5% would still qualify! For properties in PA you would no longer be able to deduct property taxes! Click this link and Let Your Elected Rep Know Where You Stand!

Share

TAX REFORM

Our National Association of REALTORS has been actively engaged in the tax reform debate. The plan is expected to double the standard deduction and eliminate all personal deductions except the Mortgage Interest Deduction and the deduction for Charitable Contributions. The plan eliminates the deduction for State and Local Taxes. This will be devastating to middle class homeowners by removing economic incentives for homeownership and raising taxes by an average of $851. By doubling the standard deduction, the Mortgage Interest Deduction would only be available to the top 5 percent of taxpayers.

PLEASE LET YOUR REPRESENTATIVES KNOW HOW YOU FEEL!!

Share

All information deemed reliable but not guaranteed. Copyright 2021.



© ©2021 BHHS Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.