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oats33
New Member

School taxes paid through escrow are they deductable?

 
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MichaelMc
New Member

School taxes paid through escrow are they deductable?

Yes. Real estate taxes, levied for general purposes on the basis of property values, are deductible for federal income tax purposes. It does not matter whether the taxing authority is a county, city, school district, or some other entity.

Taxes, more commonly called special assessments, that pay for specific improvements to your property, such as new curbing on your street or new street lights, are not tax deductible.

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