How do I calculate property tax in a co-op?
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j-thomas02
New Member

How do I calculate property tax in a co-op?

 
2 Replies
ErnieS0
Employee Tax Expert

How do I calculate property tax in a co-op?

Check with your property manager. You should receive a shareholder’s letter showing how much of your maintenance fee is property tax. Or ask them. You pay property taxes on your unit as part of your monthly maintenance fee.

 

You may have to do the calculation yourself. 

 

Tax Expert @IsabellaG shows you an example in I was told you can deduct 50% of a coop maintenance fee. where do I input this on my tax return.

j-thomas02
New Member

How do I calculate property tax in a co-op?

Yes thank you, all resolved. 

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