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Property Taxes

This article explains how to model property taxes in your Plan.

Nancy Gates avatar
Written by Nancy Gates
Updated over a week ago

Property taxes should be included in your recurring expenses.

Basic Budgeter

If you are using the Basic Budgeter, make sure you include a prorated amount of your annual taxes. For example, if your annual property taxes are $1,200, you should include $100 (one-twelfth of $1,200) in your monthly expense total to account for the expense.

Planner+ Budgeter

If you are a PlannerPlus member using the Planner+ Budgeter, you can enter property taxes as a line item under Home Related Expenses. You can decide if you want to enter the expenses as monthly, quarterly, or annually. You can also choose to make this expense deductible to more accurately model tax liabilities.

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