Andy Hodes & The Scenic City Team consistently rank in the top 1%* of Chattanooga realtors by the Chattanooga Mulitple Listing Service!
Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
Andy Hodes & The Scenic City Team were competent, organized, and informative with our home buying experience. Kimmeng Read Quote >
Compare
three mortgages at one time. Download TripleCalc now. It's
free.
Mortgage Investors Group Brian Kniegge's commitment to providing superior customer service has afforded him a quality reputation in the community. Find Out More >
School Reports - Reports for Chattanooga, North Chattanooga and East Brainerd schools kindergarten, elementary, and high schools.
Relocating? - Free real estate information & relocation package if you're relocating to Chattanooga, North Chattanooga and East Brainerd, in Hamilton County TN.
Go to Main Sitemap - Main sitemap sections include Find Chattanooga, North Chattanooga and East Brainerd Homes, For Home Buyers, For Home Sellers, Chattanooga, North Chattanooga and East Brainerd Information, Real Estate Resources, and About Andy Hodes & The Scenic City Team.
Please Sign Up For The Latest Listings and the Latest Real Estate News
Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
Andy Hodes & The Scenic City Team Keller Williams Realty 1200 Premier Dr., Suite 140 Chattanooga, TN 37421 423-664-1822 Fax: 423-664-1820 andy@andyhodes.com
Thank you for visiting my website and I hope you enjoy learning about what Chattanooga has to offer. It is one of the most beautiful cities in the Southeast. I am licensed in both Tennessee and Georgia. Please feel free to contact my team at anytime, we are here to assist you in your specific needs. I grew up in Chattanooga and moved away after college. When I married my wife, we decided to move back to Chattanooga to raise our family.
www.ChattanoogaHousesforSale.com is brought to you by
Andy Hodes & The Scenic City Team NUMBER1EXPERT™ in real estate for
Chattanooga, North Chattanooga and East Brainerd, Tennessee
- NUMBER1EXPERT™ 
