topic If i paid school taxes, are they considered property taxes ? in Deductions & credits

If i paid school taxes, are they considered property taxes ?

boyesks — Thu, 06 Jun 2019 00:25:24 GMT

How were these paid? What state are you in?

CathiM — Thu, 06 Jun 2019 00:25:25 GMT

How were these paid? What state are you in?

through my escrow, in New York State Town of Tonawanda

boyesks — Thu, 06 Jun 2019 00:25:26 GMT

through my escrow, in New York State Town of Tonawanda

Then yes, they are considered property taxes.

CathiM — Thu, 06 Jun 2019 00:25:28 GMT

Then yes, they are considered property taxes.

Yes, include the school taxes in your property taxes if t...

CathiM — Thu, 06 Jun 2019 00:25:29 GMT

Yes, include the school taxes in your property taxes if they were paid through your escrow account.

Deductible real estate taxes, also called property taxes, include certain taxes paid to your town office, county, parish, or other tax assessor (either directly or through a mortgage escrow account) on the assessed value of your property or property in your taxing location.

Re: If i paid school taxes, are they considered property taxes ?

Trbtx955 — Mon, 01 Feb 2021 22:18:48 GMT

do I include the local school tax as part of the property tax?

Re: If i paid school taxes, are they considered property taxes ?

Trbtx955 — Mon, 01 Feb 2021 22:22:14 GMT

I live in Rochester NY , is the school tax part of the local property tax?

Re: If i paid school taxes, are they considered property taxes ?

GloriaL — Mon, 01 Feb 2021 22:30:23 GMT

Yes, you would include you school taxes as property taxes paid on your tax return. In NYS school taxes paid are assessed on your property and part of your property taxes.

Keep in mind these expenses are considered an Itemized Deduction.The total of all of your other itemized deductions must be more than the standard deduction for you to get a tax benefit.

@estan1

Re: How were these paid? What state are you in?

PATRICKFBENOT — Sat, 13 Mar 2021 13:02:20 GMT

New York

Re: How were these paid? What state are you in?

PATRICKFBENOT — Sat, 13 Mar 2021 13:03:16 GMT

New York.

Re: How were these paid? What state are you in?

LenaH — Sat, 13 Mar 2021 18:51:16 GMT

Yes. School taxes are deductible in New York since these taxes are based on the assessed value of your property. School district taxes are deductible whether held in escrow and disbursed by the mortgage company or if paid directly to the Assessor of the town in which you reside.

@PATRICKFBENOT

Re: How were these paid? What state are you in?

PATRICKFBENOT — Sat, 13 Mar 2021 21:18:16 GMT

Twice a year.... in New York.

Thank you for your answer.... 😉👍🏼