This is the property tax rate.

Because we have a 30 tax rate.

They kind of increase or decrease at the same rate.

Here, this is your assumed marginal income tax rate.

Which is essentially 3,000 of a 30 tax rate.

but let's, just for simplicity, assume my tax rate is still 30,000.

This income tax saving from interest deduction, this is assuming that at that marginal tax rate, you can deduct the property tax and the interest on the debt.

If your marginal tax rate is 20 , a 100 deduction will save you 20.

So if you can deduct 100 in interest and property tax, if your marginal tax rate is 30 so that means at what rate are you being taxed on every incremental dollar.

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