Find Real Estate Agents and Homes for Sale


Real Estate News --> Iowa News

Should property owners pay real estate taxes for 2018 early?


“Minnesota, New York, Iowa, a lot of other states it is going to affect a lot because they're limited to $10,000. So, if their real estate taxes are six or seven, the state income taxes are 8 or 9, they're not going to get to write it all off,” Azzara sai


Archived Story

SIOUX FALLS, S.D- President Trump made a promise to have the GOP tax plan on his desk by Christmas and he delivered.The Tax Cuts and Jobs Act goes into effect January 1st, and many are scrambling to keep up with the changes. Right now, the sales, income and real estate deduction is unlimited.But in a few days it will be capped at $10,000.Property owners across the country are paying their real estate tax for 2018 early to reap the benefits that will expire when the clock strikes midnight December 31st.“They've only got a few days to prepay their real estate taxes if they want toOnce it hits 2-18 that's it that's only a few days away,” accountant Charles Azzara said. You might see more people in the Minnehaha County Administration building this week paying their property tax earlyThat's because changes in deductions are right around the corner. “If your real estate taxes are over ten grand you're going to be limited to $10,000 on your write-offs,” Azzara said. But how many homeowners fall into this category? Not many, according to the operating principle at Keller Williams Realty in Sioux Falls.

Trending Iowa News:


  • Integrity to add Spencer real estate office
  • City considers construction of extended-stay hotel
  • IMC Equity Group buys shopping center near Lake Worth for $31M
  • Wasendorf Asset Recovery Effort Winding Down
  • Craigslist scam forces family to move out of home
  • Branstad to announce job training initiative Monday
  • NEW HIRE: SUE WHEELER
  • Iowa Farmland Values Decline, Cash Rent Issues
  • Area experts see Muscatine housing market improving
  • Zoning hearing set on auto sales lot
  • Miehes join Sulentic Fischels
  • Donald Trump to be in Q-C later this month
  • An Oregon lawmaker's strange crusade to save an Iowa town -- with Chinese money
  • PACs in Iowa, at a glance
  • No. 16 Iowa State beats No. 10 Kansas, 94-83
  • Chuck Granger remembered for his contributions
  • The Caucus: Romney Team Announces Major Ad Campaign
  • Trump touts childcare programs, but they're for guests, not employees
  • Single Tenant Walgreens Sale Arranged by The Boulder Group
  • In Bad Economy Iowa Farmland Values Climb