Residential

New tax law: Steps to cut property tax are worth effort, money after SALT cap

The new GOP tax law included an unwelcome surprise for some homeowners: a $10,000 cap on the state and local tax (SALT) deduction.

The cap could cause financial pain for residents of some high-tax states where even middle-class houses can easily exceed that threshold.

Given the new cap, is it worth trying to lower your property tax bill?

Experts say the effort can pay off, but be prepared to invest some legwork and even some money in the pursuit of a lower tax bill.

Read Article at CNBC.com

Leave a Reply