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Tax Credits for Agoura Hills

Federal First Time Buyer Tax Credit Expires

By: Rob Jordan

California Tax Credit Kicks In for Agoura, Oak Park, Westlake Village Buyers

Many California homebuyers took advantage of the Federal Tax Credit of up to $8,000. But that credit expired on April 30, 2010.
But the State of California just announced a similar program, worth up to $10,000 to a buyer.

Assembly Bill 183 established a tax credit of $10,000 or 5 percent of the purchase price of a newly built home and a $10,000 tax credit for first-time purchasers of existing homes.

The credit is good through Dec. 31, or until funding is exhausted, whichever comes first.

The $200 million allocated for the program is split evenly, with $100 million going to purchasers of new homes and $100 million to first-time buyers of existing homes.

More information on the state tax credits credits can be viewed here

Rob Jordan is a successful realtor with Sotheby’s International Realty/Ewing and Associates in Agoura Hills, California. He can explain the details of the California tax credit. He can be reached at
818 237 4425. Article reprinted from a California Association of Realtors email.

EwingSIR does not guarantee information contained in this blog, readers are encouraged not to rely solely on this information and to do their own independent research of facts contained herein. Blog information was obtained from independent sources that we do not endorse, and we do not investigate this information for accuracy.

Tags: Rob Jordan, Tax Credits for Agoura Hills

This entry was posted on Monday, May 10th, 2010 at 10:46 am and is filed under Agoura, Agoura Hills, Agoura Valley Ranch, Oak park, Westlake Village. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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