Real Estate Glossary

What is Property Tax Deduction?

Property Tax Deduction - A property tax deduction is a tax break that allows homeowners to deduct a portion of their property taxes from their income taxes. This deduction can help to lower the overall tax burden for homeowners and is typically available at the federal and state level. However, the tax laws are subject to change and it's important to consult with a tax professional for the most current and accurate information.