I live in a NYC co-op where the real estate tax is part of our monthly maintenance charge. We get a statement from the co-op's accountants stating our mortgage interest and property tax amount per share. So my real estate tax deduction is calculated by (# of shares x real estate taxes per share). Now having received a STAR, NY State Homeowner Tax Rebate, and a NYC Property Tax Rebate, would I subtract my federal property tax deduction (calculated with the above formula) by the combined amount of those three rebates?
