Tax talk: What the new tax law means in home mark
The impact of the new tax law may be impactful to some but minimally invasive for others. What does it mean for you? The standard deduction has been increased to $12,000 for single filers and $24,000 for joint filers. Combined claimed state and local deductions are now capped at $10,000. Mortgage interest deductions are capped to mortgages up to $750,000 for new filers, the $1M cap will be grandfathered in from those filing before Dec. 14, 2017. Read here for additional details. If you wish to look up your Boulder County property taxes online, look here.
Top 10 local news stories of 2017: No. 4 — Historic surge in Boulder County property values highlights housing crisis
Housing prices continue to increase in Boulder County, although 2017 did show a mildly slower increase in year-over-year housing prices relative to prior record years. The scorching hot Boulder market continues to suffer an inventory crisis in both single family homes and the townhome market. Read more here.