Quote:
Originally Posted by JRutledge
You realize what property taxes are right? You have to own the property to pay personally those taxes and also can be deducted in many cases off of other state or Federal taxes based on the usage of that property. Not the case when you rent, at least not in Illinois. It was not a deduction or part of the overall tax bill when I lived in an apartment.
Peace
|
Additionally, there are a lot more people per square foot in an apartment complex as opposed single family dwellings. So depending how the property taxes are calculated and the value of the land and structure, there is not a one-for-one trade off between apartment buildings and single family dwellings.