Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 1:27:44 AM

Does "personal property tax" include property tax paid on a rental property? As in does this mean the property tax that came out of my escrow account with my mortgage payment?

0 1 342
1 Best answer
Expert Alumni
Jun 1, 2019 1:27:46 AM

The Property Tax that you pay out of escrow to your Mortgage Lender on your Rental Property is entered as a Rental Expense.

It can be called 'Property Tax' or 'Real Estate Tax'.

Here's more info about Personal Property Tax (usually for vehicles, boats, etc.):

https://ttlc.intuit.com/replies/3300085

1 Replies
Expert Alumni
Jun 1, 2019 1:27:46 AM

The Property Tax that you pay out of escrow to your Mortgage Lender on your Rental Property is entered as a Rental Expense.

It can be called 'Property Tax' or 'Real Estate Tax'.

Here's more info about Personal Property Tax (usually for vehicles, boats, etc.):

https://ttlc.intuit.com/replies/3300085