Proposed property tax changes probably won’t affect local home prices

Last week, House Republicans released their proposed Tax Cuts and Jobs Act. The bill is intended to cut taxes for the middle-class, simplify the tax code and create jobs. Release of the Senate version is expected this week. Of particular interest to Beach City residents is the impact on local home prices, resulting from potential changes to certain deductions. Like the current tax code, the answer to this is complex and depends on a number of factors. Two proposed modifications that would