cancel
Showing results for 
Search instead for 
Did you mean: 
Visitor II

Is Property tax amount (which was part of escrow) deductible?

I brought home on Nov 2017.  Seller pre-paid property tax (Till end of Dec 2017).  My part of property tax (Nov & Dec) were included in escrow and paid by me.  So, Seller got back their remaining part of property tax amount from escrow.  

 

I didn't paid any property tax directly to county office on 2017.  So, Is that escrow property tax amount deductible on my tax return?

1 Comment
TurboTax Specialist

Is Property tax amount (which was part of escrow) deductible?

Yes, you can deduct the amount of property taxes you paid to the seller if you itemize your deductions. The total of your itemized deductions will need to be greater than your standard deduction to receive a tax benefit.