How do property taxes affect my rental property income?

As a property owner, you are responsible for paying property taxes on your rental property. Property taxes are usually assessed annually based on the property’s market value and can vary by location. These taxes are considered an expense that reduces your net rental income. EGL Properties can help you track your property-related expenses and income, and we provide detailed financial reporting, making it easier to manage your tax obligations and maximize your rental property’s profitability.