Most state and local governments charge an annual tax on the value of real property that you own. Any of these real estate taxes (also called property taxes) on your primary or secondary residence are generally deductible on your return. For exceptions, see the additional information below.
To enter your deductible real estate taxes in the TaxAct® program:
The amount of real estate taxes paid may be reported to you on Form 1098, Box 4 Mortgage Interest Statement.
You can include taxes (state, local, or foreign) you paid on non-business real estate you own as long as the taxes are based on the assessed value of the property.
You cannot include:
If your mortgage payments include your real estate taxes, you can deduct only the amount the mortgage company actually paid to the taxing authority in 2016.
If you sold your home in 2016, any real estate tax charged to the buyer should be shown on your settlement statement and in Box 5 of any Form 1099-S you received. This amount is considered a refund of real estate taxes. Any real estate taxes you paid at closing should be shown on your settlement statement.
For more information see the IRS Instructions for Schedule A, Line 6 Real Estate Taxes.
Your deduction may be limited. See Reduction of Itemized Deductions for more information.