According to the property tax credit you can get a tax break if you OWN the home where you live. I have a 30 year mortgage - is this the same as OWNing the property?

[jamesericka32]

In other words, if your house is not paid in full but you pay taxes can i claim the property tax credit?

[JohnR1 · Accepted solution]

Your primary residence does not have to be paid off in full, for it to be considered a qualified residence for IRS tax purposes, on which you can claim real estate taxes and qualified residence (mortgage) interest paid on the property.