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The loss of federal tax deductions for mortgage interest and property taxes will negatively affect many of the homeowners that live in suburban Chicago, says Wheaton-area REALTOR® Pat Callan, according to an article in Crain’s Chicago Business Tuesday.
Callan
Callan is the managing broker-owner for Realty Executives Premiere in Wheaton and has represented the interests of fellow REALTORS® and property owners as a former president of Illinois REALTORS® and the Mainstreet Organization of REALTORS®. He is the Federal Political Coordinator to Rep. Peter Roskam of the 6th District.
And according to a report by Moody’s Analytics, the counties of Will, DuPage, Lake and McHenry stand to lose the most growth in home value as a result, the article states.
Wednesday, negotiators in the House and Senate appear to have reached a tentative agreement on tax reform. See reports from USA Today, CNN and Chicago Tribune.
