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Updated over 8 years ago on . Most recent reply

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97
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Melissa Dorman
  • Real Estate Broker
  • Portland, OR
90
Votes |
97
Posts

Property taxes renter vs owner. Where do they go?

Melissa Dorman
  • Real Estate Broker
  • Portland, OR
Posted

Hey all, 

I've been contemplating the impact that gentrification and real estate investing have in under served communities. I'm curious if anyone knows.... I heard that counties/states property taxes go to benefit schools, parks, etc of local neighborhoods/counties. If you buy properties outside of your county/state, do the property taxes still go towards these things? Or are they redistributed to where you live? 

In other words, does it negatively impact the neighborhood tax resource wise if I buy properties outside of my county and rent them out? 

Most Popular Reply

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1,817
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831
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Patrick Liska
  • Investor
  • Verona, NJ
831
Votes |
1,817
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Patrick Liska
  • Investor
  • Verona, NJ
Replied

No - you pay taxes to the county,city, state where the property is and that's where it goes to, it does not benefit your county, city, state

  • Patrick Liska
  • Loading replies...