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Yes, include the school taxes in your property taxes if they were paid through your escrow account.
Deductible real estate taxes, also called property taxes, include certain taxes paid to your town office, county, parish, or other tax assessor (either directly or through a mortgage escrow account) on the assessed value of your property or property in your taxing location.
do I include the local school tax as part of the property tax?
I live in Rochester NY , is the school tax part of the local property tax?
Yes, you would include you school taxes as property taxes paid on your tax return. In NYS school taxes paid are assessed on your property and part of your property taxes.
Keep in mind these expenses are considered an Itemized Deduction.The total of all of your other itemized deductions must be more than the standard deduction for you to get a tax benefit.
@estan1
New York
New York.
Yes. School taxes are deductible in New York since these taxes are based on the assessed value of your property. School district taxes are deductible whether held in escrow and disbursed by the mortgage company or if paid directly to the Assessor of the town in which you reside.
Twice a year.... in New York.
Thank you for your answer.... 😉👍🏼
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