Real Estate Tax question
Hi there, new to this forum. I'm looking at buying a house to live in and see property taxes on one of the houses I'm considering is at $8300 for 2018. If I buy a house like this I am wondering about my tax situation. My thought is that money spent on annual property tax is deducted from the overall tax liability that I will have for the year, is that correct?
Thanks in advance for any replies!
Mike (moving to Missouri)