UK based Family looking to emigrate to USA (Rochester)
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I have a question about property taxes. Are property taxes tax dedctible? I thought it was only interest on your mortage that was tax deductible. I own property but don't live there yet. I am building in a year and my property taxes are minimal because it is vacant land. However, when I did my income taxes last year I remember my tax preparer saying that the mortgage interest was tax deductible. I don't recall the property taxes being tax deductible.
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