I live in the United States - Is there any way to get a tax break on property taxes for my rental property?

[kearl]

Hi - I live in the United States - Is there any way to get a tax break on property taxes for my rental property?

The city where the rental property resides keeps raising property taxes astronomically. The house is paid off so I get hit with a big property tax bill every November. Is any/part of this tax deductible? 

Thanks! Carl  

[jkellett2 · Accepted solution]

Absolutely!  

Property taxes are a deductible rental property expense.  You would enter the property taxes for your rental property on the Schedule E where you report the rental income and other expenses.  

If you have not been deducting the rental property taxes in past years, you can go back and amend the last 3 tax returns to claim the taxes.  If the taxes are high, it might benefit you to do that.