I need help with Tax property questions

Yes, we can help you with that. But, the answer depends on what kind of property taxes.

For personal property taxes (Schedule A):

• All real estate taxes paid for property you own are deductible when you itemize deductions on your tax return. 
  • There is a new rule, due to the Tax Cuts and Jobs Act, that limits a combination of taxes to a maximum of $10,000.
    • The combination of taxes: 
      • The greater of Sales tax OR State and local income taxes paid through the tax year
      • Real estate taxes
      • Personal property taxes
    • Click the link to learn more about deducting property taxes, which includes links for other situations, such as selling your home

For business property taxes (Schedule C or Schedule E):

• Real estate taxes paid are deductible as an expense in the business. Where this is reported depends on the type of business entity.