Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

74
Posts
9
Votes
Bharath Raj
  • Investor
  • Houston, TX
9
Votes |
74
Posts

How to pay my portion of property taxes only and get credit

Bharath Raj
  • Investor
  • Houston, TX
Posted

I bought a portion of a commercial property (I own 5100 sq ft detached building while the original owner owns 16550 in 5/2017. At closing, I received a credit for pro rata estimated property taxes for 2017. Harris county (Houston) sent the tax bill for the entire property to the previous owner. The owner is invoicing me for the property taxes and wants me to pay him by mid december (tax bill is due by the end of january 2018). What is the best way to approach this? If I call the tax office, will they separate out the bill? How can I get credit for paying property taxes, if the previous owner makes claim to the whole tax bill? Is there anything else I need to watch out for? 

I appreciate your responses

Most Popular Reply

User Stats

5,110
Posts
5,985
Votes
Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
5,985
Votes |
5,110
Posts
Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@Bharath Raj

Hi, Houston neighbor.

You're entitled to deduct the taxes you paid, no matter who received the bill and who claimed what. If you are ever audited, all you need to show is proof of your payment and proof that you were liable for it (invoice + proof of partial ownership.) Trying to get Harris county to split the bill is not worth the hassle. 

  • Michael Plaks
  • Loading replies...