Property Tax Deduction

Tincanman · ‎April 19, 2026

Are all taxes based on the value of a property deductible on federal tax return?

AnnetteB6 · ‎April 20, 2026

Yes, property taxes based on the value of the property are deductible as part of itemized deductions on your Federal return. The are included in the state and local tax section of the Schedule A, so they are subject to the $40,000 SALT (state and local tax) limitation that is currently in place.

Take a look at the following TurboTax help article to learn more:

Claiming Property Taxes on Your Tax Return

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