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, 11:52 AM
BrianL99 BrianL99 is online now
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Quote:
Originally Posted by petsetc View Post


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.

IMHO, the Maintenance fee also fits this definition.
As the maintenance fee also maintains golf courses, clubhouses and pools, I doubt the IRS would agree with you. That said, I might try it next year. I'll let you know the results if I get audited.