According to IRS web page:
...
Real estate taxes paid on your primary and second residence are, generally, deductible. Deductible real estate taxes include any state, local, or foreign taxes on real property levied for the general public welfare.
...
http://www.irs.gov/faqs/faq3-6.html
The property tax one pays to buy an apartment in Shanghai is 1.5 or 3%
of the whole value. Can this be deducted?

