Real estate tax is a fairly complex field. Many lawyers counsel owners of real estate about tax issues. The federal tax laws provide certain benefits to real estate owners, but these have to be accounted for properly. When they are not accounted for properly, people may lose the benefit or even be fined or have to pay large sums of back taxes. Real estate investors can enjoy some tax benefits, but only homeowners living in the home they own can enjoy certain other real estate tax benefits. There are also state laws relating to real estate tax, including property tax laws. Finally, some real estate tax issues also involve a person’s estate and require skilled advisory from qualified legal counsel.