Normally, if you itemize your deductions, you can deduct real estate taxes on your 1040 Schedule A.  But there can be exceptions to what can actually be a tax deduction.  See this post in AccountingWeb by Julian Block for more information on this potential problem:

http://www.accountingweb.com/article/when-property-taxes-are-not-deductible-schedule-form-1040/224373?utm_campaign=Daily+Clips&utm_source=hs_email&utm_medium=email&utm_content=16090885&_hsenc=p2ANqtz-9jFbikFAEF_9tXi7p439GP7LbFgGeJm6pVpqSOvTGYCHgpkBEgI33ItEFAXhND0eZUCdDCxdker5Uwp0oFovwhgfgTJQ&_hsmi=16090885

I remember we discussed the listing of nondeductible items on the property tax bill at length at my Spidell tax seminar a few years ago.  The problem is that if the property tax is impounded, there is not a breakdown of the deductible and nondeductible items.  Well, most deduct the whole thing, anyway.

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