The goal of investing in Charlotte, NC real estate is to make money. Nevertheless, you can only become profitable if you are able to keep your property’s expenses in check. One such expense associated with running a rental property is property tax.
As an investor, it’s your responsibility to pay taxes on your property. Failure to do so can land you on the wrong side of the law with the Internal Revenue Service.
Luckily, there is a way in which you can reduce the amount you pay to the IRS. IRS allows real estate investors to claim several expenses associated with the rental property as deductions against the rental income.