Renters pay property taxes
Some questions have risen after the recent Rapid City Area Schools Facilities Task Force Engagement Sessions regarding property taxes. There is some confusion and even anger from a handful of individual homeowners who question why they have to pay higher taxes for school improvements when renters do not.
To clarify, renters do pay taxes, albeit indirectly. When individuals pay rent rather than mortgage, a portion of that rent covers the property taxes. The owners of rental property are required to pay taxes on every property they own. In fact, they are required to pay more than just the property taxes. Renters do pay taxes. They just do not receive any benefits from being able to claim those taxes as deductions. Rest assured, renters pay their fair share and more.