Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
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Old 11-26-2023, 11:45 AM
petsetc petsetc is offline
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Quote:
Originally Posted by retiredguy123 View Post
How about my lawn service, electric bill, water bill, cable TV, cell phone, homeowner's insurance, etc?
I see the difference as...if you don't pay those bills, they will discontinue service.

I would argue the the Fire Assessment is clearly deductible since it pays for a County provided service and in most other states is just rolled into the RE taxes. Also, if you don't pay it, the County can lien and foreclose to collect.

From a Turbotax forum;
Real property taxes can be deductible, even if not ad valorem, if they provide a general community benefit and not a property-specific or "local" benefit. For example, a $50 charge per house for community ambulance service is a deductible property tax, while $50 for streetlights (that is only charged on streets with street lights) is a property-specific benefit and is not deductible.

Revised - the Maintenance fee does not fit this definition.

Last edited by petsetc; 11-26-2023 at 12:17 PM.