[NJblue]

Perhaps someone can clear up some confusion regarding bonds and the ability to deduct the payments on them on your income taxes. In another thread that I found on TOTV, it was indicated that since the bond is not tied to the value of your house (I believe the term used was "non-ad valorem"), that you could not deduct annual payments on your income tax as you could with property tax. What I am reading here, there certainly does appear to be a direct linkage between property value and the size of the bond. What's the story?