CT Real Estate Agents: GOP tax cut plans will impact home values

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HARTFORD, Conn. (WTNH)– Real Estate Agents say the Republican tax cut plans will have a devastating impact on home values in Connecticut.

Democrats say the Republican tax cut plans will actually result in federal tax increases for many middle class residents in Connecticut. The loss or limiting of the deduction for local Property Taxes is especially burdensome for Connecticut as well as other northeastern states where Property Taxes are high.

Even with the doubling of the standard deduction many Connecticut tax payers lose out.

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