Property tax? (real estate, rental, house)

[jolobro]

Hi , We are from the UK and here if you rent a property you pay the council tax which is similar to the US property tax. My question is whether this is the same in the US, if i rent a house will i also pay the property tax or does the owner pay this?

[linicx]

You only pay real estate tax when you own the house.

[Drover]

Originally Posted by jolobro

Hi , We are from the UK and here if you rent a property you pay the council tax which is similar to the US property tax. My question is whether this is the same in the US, if i rent a house will i also pay the property tax or does the owner pay this?

Property tax is paid by the owner. Naturally it can effect your rate of rent just like any other expense, but you are not directly responsible for any expenses related to the rental unit besides rent, utilities, and damage caused by negligence (or malice).

[snapper54]

You can bet that the home owner is making sure the rent is high enough that it covers the taxes also.

[linicx]

Bottom line:

NO:
Council tax; no real estate tax; no rent tax; no personal property tax; no VAT tax; no flat tax; no pension tax;*no Social Security tax.

YES:
Federal Income Tax; Corporate Income Tax; State income tax; taxed income der4ived from stocks & bonds, Certificates. IRA, ect.; taxed income derived from rental*property;*taxed income derived from farm or ranch,*taxed income derived from business you own, and taxed income derived from farm/business auctions.