April 10, 2018
2017 showed a 6% increase in the amount of property taxes homeowners paid compared to 2016, totaling a substantial $293.4 billion, according to a report from ATTOM Data Solutions.
Tip: As property taxes increase, mortgage tax deductibility will be a key part to selling and differentiating yourself from you competition. Find ways to leverage your borrowers' new mortgages so that they maximize their tax savings* through debt consolidation loans and tax comparison analyses.
*always consult a tax advisor when giving tax-related advice, and make sure you are staying in compliance with industry guidelines.