Study: Tax rates not impacting North Texas homebuyers, but interest rates might

While newly-enacted federal tax laws mean Americans will experience fewer tax benefits associated with being homeowners, that’s doing little to deter home buying in North Texas, according to a study by Apartment List. The Tax Cuts and Jobs Act of 2017, enacted in December, reduces caps on borrowing subject to the mortgage interest deduction from $1 million to $750,000. Property tax deductions on state and local taxes have also been capped at $10,000. However, 48 percent of potential homebuyers…

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