Profile picture for dittio

hi i just bought my house cash

hi i just buy my house cash with out a mortgage what i will like to know do i get back the property taxes i pay every year when i file my taxes ??? is it deductible ?? i also give to charity  
  • November 11 2013 - Drexel Hill
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

You probably need to check with your tax accountant.
  • November 12 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for lfinn
You will want to consult a tax specialist.

You will not get back the full amount you pay in property taxes.  You can reduce your taxable income (thus reducing the income that is taxed x your particular income tax rate) assuming your "itemized deductions" are greater than the "standard deduction".  If the standard deduction is $9,200 and your property tax, charitable donations and any other deductions (Schedule A itemized deductions) total $6,000, you will want to take the standard deduction, in which case the property taxes are not providing any tax benefit.
  • November 12 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.