Yes, the property tax disbursement from your mortgage servicer's escrow account is the amount paid on your behalf for real estate taxes.
@DJS wrote:
Yes, the property tax disbursement from your mortgage servicer's escrow account is the amount paid on your behalf for real estate taxes.
Maybe.
If your escrow company lists money that was paid for your property taxes, that's what it says it is. However, your property tax bill may contain some non-deductible expenses, and you should get a copy of your detailed bill from your city or county and look it over.
You can deduct taxes that are charged uniformly on all properties in your area for general community services and benefits. You can't deduct fees charged only to certain homes or certain streets for specific benefits that only apply to certain homes. You also can't deduct property improvements included in your property tax bill. For example:
| General property tax charged based on the value of your home and land |
Deductible |
| Flat fee charged to all homes in the county for fire and ambulance service |
Deductible |
| Fee for sidewalk maintenance charged only to homes on streets with sidewalks |
Not deductible (Not a general community benefit) |
| Fee charged to connect your home to the new sewer system, spread out over 20 years |
Not deductible (property improvement) |