Real estate tip: Larger mortgage may offset taxes

Will my income tax automatically increase if I buy a more expensive home?
Published on Jan 13, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

No. If you have larger mortgage payments and higher property taxes, your income tax bill is likely to go down–perhaps offsetting the higher real estate taxes you will pay on the more expensive property. This is because mortgage interest and ...