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All Forum Posts by: Bill Roe

Bill Roe has started 1 posts and replied 1 times.

Post: property taxes expense % of rental income

Bill RoePosted
  • Thompsontown, PA
  • Posts 1
  • Votes 0

Hi, I'm new to the site, and just starting out with renting a property I inherited.  I'm just wondering if there is a general rule of thumb as it relates to what portion of your rental income should offset the property taxes?  For example, if the property taxes are $2K/yr, should the rental income on the property be $10K/yr, making the property taxes a 20% of rental income expense?  Is 20% too high or too low?  Any advice is greatly appreciated.

Thank you.