"Hey Ref, that's five seconds!"

[JRutledge]

Originally Posted by Jesse James

It’s not like the apartment owner would pay property tax or anything.

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

[Raymond]

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.

[JRutledge]

Originally Posted by Raymond

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.

But the bottom line of all of this, you do not pay directly property taxes when you rent. You are not the owner of the property so you do not get that counted towards your overall tax bill. And it is state and jurisdiction run in Illinois, not from the Federal Government.

I cannot even believe this is a discussion. I referenced Naperville where I used to live and many people had 5 figure property tax bills and I can tell you I never had that when I lived there for my 2 years.

Peace