Coral Springs, Coconut Creek and Parkland Weather Broward's climate is balmy and tropical with an average year-round temperature of 77 degrees and 3,000 hours of sunshine. Winter temperatures average 66 degrees while summer temperatures average 84 degrees. January is the coolest month of the year and August is the warmest. The heaviest rainfalls occur during August and September. Request my Free Coral Springs, Coconut Creek and Parkland Relocation Package. It's packed full of useful and important information about the Coral Springs, Coconut Creek and Parkland, Florida area. Don't move here without it! It's my job to know EVERYTHING about Coral Springs, Coconut Creek and Parkland! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly... 
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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 is encroachment, and how might it affect a property owner?
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| A |
Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim. |
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