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Welcome to your Central New Jersey Real Estate Resource. Our goal on this site is to provide you with an abundance of quality information on what we feel are the best areas in the world to live; Basking Ridge, Branchburg, and Bridgewater, as well as several other fantastic areas throughout both Somerset and Hunterdon counties. |
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I am so happy that you are thinking of relocating to Central New Jersey and making this area your home. There are a multitude of reasons I choose to live and work here, not the least of which is the close proximity to New York City, Philadelphia, and the Jersey shore. This site offers local real estate information and market advice for home buying and selling in Somerset County. Don't miss our Featured Homes which showcases available residential homes for sale. No web site, large or small, can take the place of a top Realtor. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job and it would be our pleasure to help you reach your real estate goals. Our team of Real Estate professionals can answer questions about the current real estate market conditions in Bridgewater, Branchburg, Basking Ridge and all of Somerset County to help you make the best home buying and selling decisions. Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR Realtors. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As top Bridgewater, Basking Ridge and Somerset County Realtors, we have the experience and track record you are looking for. Please let us help. - John Bendall
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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.
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| Q |
What area in the United States has the highest per capita income?
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| A |
The New York/New Jersey/Long Island area has a per capita income of over $750,000, according to the most current available U.S. census data. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
