You get an income tax deduction for real property taxes paid on all the property you own, whether for business or personal use. (Although there is a temporary c

You get an income tax deduction for real property taxes paid on all the property you own, whether for business or personal use. (Although there is a temporary cap on the total amount of state and local taxes on personal-use property one can deduct on their federal tax return, along with a workaround for wealthy business owners, the so-called pass-through entity elective tax that many states have enacted.)