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Updated over 8 years ago on . Most recent reply
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Property taxes renter vs owner. Where do they go?
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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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