Patrick Rumore - The NJ Homeowner’s Guide to Lower Taxes and Better Living

How the SALT Deduction Fits Into Your Homework

As you compare towns, factor the SALT deduction into your thinking. It is a layer, not a deciding factor. It should not mask the long term cost of unnecessarily high property taxes. No one likes sending tens of thousands to the government each year. If you can reduce that amount by choosing a different town that still supports your lifestyle, why not explore the option.

I Am Not a Tax Professional, but I Can Give You Useful Perspectives

Any tax related element in this book should be discussed with your accountant or financial planner. What I can help you with is understanding how the real estate side interacts with the financial side. When you are ready to run actual scenarios with your tax advisor, I can help you gather the property related data. But the homework of understanding your tax picture starts with you.