Official blog of the Kathleen Yamauchi Group Real Estate
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3139 West Crestview Drive
Country-Rustic Home in the Tall Pines of Prescott, AZ set in Kingswood…
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$575,000
Important Tax Clarification
I continue to receive questions regarding the 3.8% tax on real estate imbedded in the new Health Care Reform Bill going into effect in 2013. Misinformation has a lot of people unnecessarily concerned. The tax is not a sales transfer tax as many emails circulating the internet have suggested. Below is a quote from an article by the National Association of Realtors which will clarify exactly what this tax is. Continue reading...
20-Year Real Estate Mortgage Rate Chart
How long rates will remain this low is anybody's guess. But this chart demonstrates just how historically low interest rates are. Look at where rates were in the early nineties - then look what happened! Continue reading...
Arizona Property Tax
Many of our out-of-state buyers have been asking questions about property taxes. Unlike California, for example, Arizona properties are not reassessed upon the transfer of property. Continue reading...