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Assume your home is assessed at $ 2 3 0 , 0 0 0 . You have a $ 2 2 1 , 0 0
Assume your home is assessed at $ You have a $ loan for years at percent. Your property tax rate is percent of the assessed value. In year one, you would pay $ in mortgage interest and $ in property tax percent on $ assessed value
What is the total deduction you can take on your federal income tax return?
Federal income tax deduction amount
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