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Renters and Property Taxes

 Do renters pay for property taxes?

By
Laura Adams, MBA

Q. Do renters in apartment complexes, condominiums, or trailer parks pay property taxes?

A. It's not common for a non-commercial tenant to be asked to pay specifically for property taxes. Property taxes are the responsibility of the owner, unless specified otherwise in a lease. However, the rent that a residential property owner charges should be high enough to cover all of their expenses, such as mortgage payments, insurance, maintenance, and property taxes.

If they can't collect enough rent to pay their expenses, they'll have a negative cash flow on the investment property. And nobody wants that.

Image courtesy of Shutterstock
 

About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a trusted and frequent source for the national media. Her book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show. 

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