State and local governments assess property taxes annually based on the value of the property.
A property owner may claim a tax deduction for some or all of the taxes paid on that property, provided it is for personal use and the owner lists the deductions on a federal tax return.
Taxes paid on rental or commercial property, and property not owned by the taxpayer, cannot be deducted.
Starting in 2018, the deduction of state and local taxes, including property taxes, was limited to a total of $10,000 ($5,000 if the marriage files separately).