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What's the difference between mortgage interest and property taxes

Forum|Forum|7 years ago
June 6, 2019
2 replies
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I have a 1098 form and I paid 2015 property taxes January 2016, where do I document this?

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Best answer by WillK

Mortgage interest is the amount of interest that was paid on your mortgage loan. Property taxes are the amount of taxes that the county or city charges you for services within the county (based on your home and land value).

You can enter property taxes here:

1. Login to your account

2. On the top right corner of your computer screen you will see My Account

3. Click Tools

4. Click Topic Search, type in 'property taxes', hit your enter button

5. Follow the prompts

WillKAnswer

Employee

Mortgage interest is the amount of interest that was paid on your mortgage loan. Property taxes are the amount of taxes that the county or city charges you for services within the county (based on your home and land value).

You can enter property taxes here:

1. Login to your account

2. On the top right corner of your computer screen you will see My Account

3. Click Tools

4. Click Topic Search, type in 'property taxes', hit your enter button

5. Follow the prompts

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Can I find my property tax amount on my annual tax and interest statement?

Yes, if your Mortgage Company pays your Property Tax for you, it will be on your Form 1098 from the mortgage company.

If you pay your property tax yourself, you will need your property tax statements and receipts for this amount.

Here's more info on Property Taxes.

@Felicialatrice