topic Supplementary Property Tax payment made for prior years in 2023 in Business & farm

Supplementary Property Tax payment made for prior years in 2023

Rita25 — Tue, 24 Feb 2026 07:24:59 GMT

My property was not reassessed after I purchased my house in 2020. In 2023 I paid supplementary tax for 2020 and 2021. I am yet to pay the supplementary tax for 2022 in Apr 2024. Should I take the deduction for 2020 and 2021 supplementary property tax in my 2023 tax returns and 2022's in 2024 returns or should I amend my returns for 2020, 2021 & 2022?

Re: Supplementary Property Tax payment made for prior years in 2023

Anonymous_ — Tue, 12 Sep 2023 22:24:44 GMT

You take your property tax deduction in the tax year you actually pay the tax.

The year, itself, doesn't matter provided the tax has been assessed and is payable (i.e., you can't pay ahead of time, before the tax on the property is assessed).

Re: Supplementary Property Tax payment made for prior years in 2023

xmasbaby0 — Wed, 13 Sep 2023 17:27:33 GMT

And....remember that the amount you can get as an itemized federal deduction for property tax (or other state and local taxes) is capped at $10,000.