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Can I receive a property tax deduction or credit if I moved in the middle of last year??

 
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4 Replies
DavidD66
Expert Alumni

Can I receive a property tax deduction or credit if I moved in the middle of last year??

If you are referring to the property tax on a property you bought or sold during the year that you did not pay the tax bill for, the answer is yes.  If you sell a house before the property tax bill for that year is paid, there will be an adjustment on the closing statement where you are assessed your share of the property tax.  So if you sold a house on July 1, and the property tax had not been paid at the time of closing you pay the buyer for one half of the property tax that he was going to have to pay later in the year.   If you had already paid the property tax then the buy would pay you for half of the tax.  It will be on the settlement statement.    

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Can I receive a property tax deduction or credit if I moved in the middle of last year??

I was a renter.

Can I receive a property tax deduction or credit if I moved in the middle of last year??

I was a renter. Would that count?

LindaS5247
Expert Alumni

Can I receive a property tax deduction or credit if I moved in the middle of last year??

If you owned a home for part of the year that you paid property tax on, you may be able to deduct your property tax. If you were a renter all year, than you will not be able to deduct any property tax.

 

A property tax is an annual or semiannual charge levied by a local government that is paid by the owners of real estate within its jurisdiction.  These taxes are used by your local government to fund schools, police and fire departments, road construction and repairs, libraries, water and sewer departments, and other local services that benefit the community. 

 

If you did not own property or pay taxes on that property to your local governmental entity, than you will have no property tax deduction.

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