9. Assume your home is assessed at $200.000. You have a $165,000 loan for 15 years at 8 percent. Your property tax rate is 1.3 percent of the assessed value, in year one, you would pay $13,200 in mortgage interest and $2,600 in property tax (1.3 percent on $200,000 assessed value). What is the total deduction you can take on your federal income tax return