The big deductions are, of course, the property taxes and mortgage interest. Often, without these, you are better off taking the standard deduction. If paid from escrow, the actual payment--not the escrow payment itself, is deductible
ALL real estate taxes are deductible if you OWN the property--even on vacant lots or vacation homes. The taxes must be based on VALUE; i.e. Ad Valorem taxes.
PROPERTY OWNER ASSOCIATION DUES are not deductible (unless it is on a Rent house you own)
Mortgage interest on your home is deductible subject to reduction if the acquisition debt is more than $ 1 million. Also there are limits on the deduction for interest on a second home.
You may get additional home-related deductions if you qualify to deduct a home office. I work at home in and office in my home, so I deduct part of the interest and taxes as a business expense (which cuts my self-employment tax).
I can also deduct a portion of my UTILITY BILLS, DSL service and depreciation on my home.
The depreciation I take would be 'recaptured' if I sold the home, but it at least defers the tax.
Also, if I don't take the depreciation deduction, it would still be recaptured since the IRS considers it whether it was Allowed or Allowable.