Wednesday, February 26, 2025
HomeBusinessReal EstateProperty tax repeal was passed by the House of Representatives yesterday. But...

Property tax repeal was passed by the House of Representatives yesterday. But don’t open the bubbly yet.


The House of Representatives repealed the measure that limited property tax deductions to $10,000 or less.  While many people view this as a “millionaires’ tax,” people here in California routinely pay that amount for normal, middle-class homes.  The Senate will not vote to pass the repeal, however.

Here’s the article from New York Times: https://www.nytimes.com/2019/12/19/business/salt-tax-repeal.html



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