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Metro Brokers/DeLUX Team Realty, Inc. is your source for metro Denver CO real estate! Call us TOLL FREE with any questions 1-888-LUX-Team (589-8326).
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Before signing a contract with any Realtor, make sure you know EXACTLY how your home will be marketed.
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DeLUX Team Realty, Inc. are
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Get Free Denver, Castle Rock and Highlands Ranch School Reports From Local Experts, Quickly by Email
 Everyone offers free school reports. We do too! Plus we offer more. As top Denver, Castle Rock and Highlands Ranch Realtors, we can tell you things about the schools that no report generated by a computer will ever know. Remember, we consult with people moving to the Denver, Castle Rock and Highlands Ranch, Colorado area on a daily basis. It's our job to know, and our job to tell you. Call us for a first-hand experience of the local schools. Or fill out this form to send us a message right now. It's free and without obligation. We'll get back to you immediately with a phone call, a free report, or a brochure from a local school...
Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
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| Q |
Originally incorporated under the name Georgiana, what is the oldest incorporated city in the United States?
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| A |
York, Maine, which received an English charter in March 1642, is the oldest incorporated city in the U.S. |
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