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system
do property taxes get deducted 100% from the annual tax return or only a fraction of them?
user
in 2012, the standard deduction is $5950 for a single person.  let's assume you are very charitable, and by coincidence you donate exactly $5950 to charity.  everything that falls under itemized deductions would then be deductible.  so, if your property tax is $6000, in your example - other adjustments come into play, including an exemption of $3850, i am just showing the effect of the property tax.  the bottom line is that deductions come off income, not off your tax bill. the saving from a deduction is $$ x your tax bracket.
assistant