Tuesday, August 23, 2016

A: Yes. Like the mortgage interest paid on a home loan, property taxes are fully deductible from your income. You may deduct them every year on your primary residence, second home and other investment properties.

However, escrow money held for property taxes cannot be deducted until the money is actually used to pay the property taxes.  

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com