HOUSINGNEWS REPORT
DATA IN ACTION
Among 2,294 counties included in this analysis, those with the highest share of loan originations above $500,000 were Teton County (Jackson Hole), Wyoming (49.2 percent); District of Columbia (35.1 percent); Falls Church City, Virginia (34.6 percent); Arlington County, Virginia (29.6 percent); and Nantucket County (Martha’s Vineyard), Massachusetts (29.2 percent). Among those same counties, those with the highest volume of loan originations above $500,000 so far in 2017 were Los Angeles County, California (28,523); Orange County, California (15,527); San Diego County, California (12,739); Santa Clara County, California (11,322); and King County (Brooklyn), New York (11,110). Counties most impacted by cap on property tax deduction The second proposed change in the GOP income tax plan that impacts homeowners is a new cap on how much homeowners can deduct for property taxes. Under the proposal, homeowners
The county-level heat map below shows the share of single family homes and condos in each county where the most recent property tax bill available was more than $10,000. Among the 1,731 counties analyzed, those with the highest share of homes with property taxes above $10,000 were Westchester County, New York (73.4 percent); Luna County, New Mexico (68.7 percent); Rockland County, New
York (60.0 percent); Mathews County, Virginia (54.4 percent); and New York County (Manhattan), New York (52.5 percent). Among those same counties, those with the highest volume of homes with property taxes above $10,000 were Nassau County (Long Island), New York (176,946); Los Angeles County, California (165,078); Suffolk County (Long Island), New York (155,592); Bergen County, New Jersey (126,096); and Harris County (Houston), Texas (125,792).
PROPERTY TAX DEDUCTION CAP: IMPACT BY COUNTY HOMES WITH PROPERTY TAX $10,000+ PCT OF TOTAL HOMES -8.7% 73.4%
can only deduct up to $10,000 in property taxes from their federal income taxes.
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NOVEMBER 2017 | ATTOM DATA SOLUTIONS
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DECEMBER 2017 | ATTOM DATA SOLUTIONS
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