Having a higher mortgage can be a huge tax benefit and one of the major benefits associated with real estate ownership. When you are purchasing a new home, it is important to understand the tax ramifications associated with it.
Property tax rates vary in San Antonio and the surrounding counties depending on if the property is located within the annexed city limits or certain school districts. Also, property tax information and the assessed valuation of a property will likely not reflect the "true" appraised value of a given property. The current owner may have certain exemptions or may have a different assessed valuation due to various circumstances that can cause the assessed value o substantially lower than the true value.
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