Tax Facts

Information to help individuals and small business navigate our complex Tax Laws. Not to be construed as tax advice. Contact your hired tax advisor for your specific tax situation and advice.

Real Estate Taxes

Real estate taxes are deductible in the year they are paid to the county tax office. If taxes are paid into an escrow account, they are deductible when actually paid to the taxing authority, not when they are paid to the escrow account or agent. If you pay late and incur penalties and interest, those are not deductible; only the tax portion.

What if you paid someone else's real estate tax? For example, you pay your parents' property tax bill or when you sell your

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