I have a retired customer that has owned and resided in a house in a rural area. The house sits on 50 acres of land and she rents 39 of the acres to a neighboring farmer for FMV rent. She no longer itemizes her deductions. Will be preparing a schedule "E" for the rental income and using part of her total property taxes as a deduction on "E".

$ 2,338 total property tax paid in 2017 ( $ 33,700 assessed value of land ) ( $ 102,900 assessed value of improvements ) ( $ 136,600 total assessed value )

25 % = portion of property tax paid allocable to land ( $ 2,338 x 25% = $ 585 )

$ 455 = portion of property tax paid to schedule "E" ? ( $ 585 x 78% of total land ) ( 39 / 50 = 78% )

Was wondering if this is a reasonable way to calculate the property tax amount to deduct on schedule "E"

Thanks for your comments on this.