Read C.A.R.'s study on how proposed tax changes could affect California homeowners and the real estate market.
President Geoff McIntosh:
"The tax reform proposed by the Republican leadership will eliminate the incentive for people to buy homes, shrink the middle class, and raise taxes on hundreds of thousands of California homeowners," said C.A.R. President Geoff McIntosh. "The doubling of the standard deduction, coupled with the elimination of state and local tax deductions, such as property taxes, will adversely impact California and its housing market. The average California homebuyer could end up paying $3,000 more a year in taxes under today's proposal."
Please study this issue and let your elected representative know how you feel about this important issue.