Tag Archives: taxes

Texas Sales Tax Revenue Up 15.2 Percent

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Sales tax revenue for the month of June is up to $1.98 billion, an increase of 15.2 percent when compared to June 2011. Texas Comptroller Susan Combs said in a news release, “Strong business spending in industries such as manufacturing … Continue reading

Amazon To Bring 2,500 Jobs, Sales Tax to the State

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After a two year battle between the Texas Comptroller and online realtor Amazon.com, the two have finally come to an agreement in which Amazon will bring 2,500 jobs to the state along with a $200 million capital investment. Also part … Continue reading

Homestead Exemption Rules Have Changed

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URGENT INFORMATION FOR PEOPLE WHO BOUGHT THEIR HOMESTEAD PROPERTY IN 2011. New Texas state laws have changed the requirements for having your residence designated as your homestead, which is necessary to enjoy the Homestead Exemption on your property tax assessment. … Continue reading

Seasonal Job Hiring Kicks Off in Austin

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As we begin November, it is officially time to start thinking about the upcoming holidays. For some, this brings an added opportunity as temporary workers will be hired in droves to handle the added work created by the increase in … Continue reading

Wildfires and Real Estate

Posted by miss3751 in Austin Facts, General Information, Mortgage News | Tagged , , , , , , , , | Leave a comment

With the recent devastation due to wildfires in the Central Texas region, we thought it would be appropriate to outline the impact wildfires can have on real estate and the housing market. While not specific to the most recent fires, these are common effects a wildfire can have on a local market. Continue reading

What Is Mortgage Insurance?

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We have recently covered a couple of stories regarding Mortgage Insurance. In response to our posts, we’ve received a number of questions asking us “What is Mortgage Insurance?” This post sets out to explain what Mortgage Insurance does, why it exists, and who benefits.
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Debt Ceiling And The Mortgage Interest Deduction

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As Washington D.C. continues to struggle to find a solution to the debt ceiling impasse, the Mortgage Interest tax deduction is firmly on the negotiating table. Currently, borrowers can deduct the amount of interest they pay on their mortgages from their principal residences and second homes. As a result, it is estimated that the deductions cost the U.S. Treasury Department nearly $100 billion per year. Continue reading