#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

Can I write off real estate taxes I paid on a property I rent out?

You typically can write off local real estate taxes on a rental property as a business expense. However, you can only deduct real estate taxes that have been uniformly assessed at a like rate on all real property throughout the community levying the tax.

The proceeds of the tax must go to help the general community or government purposes, and not be paid in exchange for any special privilege or service to you. You also typically can’t deduct local benefit taxes that increase the value of your property, such as installation of streets or sidewalks.

You may be able to deduct local benefit taxes for maintaining, repairing or paying interest charges for the benefits.

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