Im looking to rent a house but i heard that you might have to pay some kind of property tax... i thought that was only if you are buying a house. The state I'm looking to rent a house in is Florida... if that makes any difference.
2007-02-03 17:54:35 · 8 answers · asked by Jackie C 2 in Business & Finance ➔ Renting & Real Estate
Residential is usually always no. But commercial and industrial are usually "triple net". That means the renter pays the taxes, maintenance and insurance.
The real answer is please read or have someone read the contract.
2007-02-03 19:45:06 · answer #1 · answered by hebb 6 · 0⤊ 0⤋
I'm not sure about Florida real estate laws, but I do know that in Texas if you are renting all you as the renter have to pay is the rent. The landlord is responsible for the property taxes. The landlord usually will combine it with your rent payments so they dont have to pay anything out of pocket. You are only paying rent to him. Essentially you are paying less for housing and a few $$ more to defer the cost of taxes and insurance. But at the end of the year its not going to be you who has to pay them.
2007-02-03 18:06:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
When renting a home you are not liable for the property taxes.
Since the owner of the property receives the tax break and deduction on their income tax return they must pay the tax on the property as well as the tax on the rental income.
I have known some property owners to try and slip that in to a tenant's lease, since, to be quite honest, most people renting or leasing property do not thouroghly read their entire agreement. It is a rarity but is HAS been known to happen.
Just make sure that you read your entire rental or lease agreement.
2007-02-03 18:11:32 · answer #3 · answered by Tramp 1 · 0⤊ 0⤋
In Florida you only pay the rent. To pay taxes, or insurance or both, could potentially give you an equitable interest in the property. If you are being asked to pay the taxes then I would ask if you are buying the property.
2007-02-03 18:09:11 · answer #4 · answered by batwanda 4 · 1⤊ 0⤋
frequently for a residential condominium you do not pay resources taxes or coverage or upkeep. that is extra worry-free in commercial leases that you're required to do this. So examine your employ, even though it does no longer be a large-spread prepare.
2016-11-25 00:07:03 · answer #5 · answered by ? 4 · 0⤊ 0⤋
no, you do not have to pay property taxes, only when you own the home.
2007-02-03 21:17:36 · answer #6 · answered by audrey j 1 · 0⤊ 0⤋
In the US, renters don't pay taxes.
2007-02-03 18:08:33 · answer #7 · answered by Anonymous · 0⤊ 0⤋
no1
2007-02-03 17:58:04 · answer #8 · answered by katana b 3 · 1⤊ 0⤋