[villages07]

no it's not.... your realtor misinformed you.

However, the payment on the bond (principle plus interest) is collected via your annual property tax bill payment to Sumter County. Many who are not tax-wise will assume that whatever the check amount is that they write to Sumter County Tax Assessor is what they will deduct on their IRS Schedule B (including CDD maintenance, fire safety, CDD bond). I'm sure many have overstated their property tax deduction on their federal taxes.

ps....congrats on buying a lot in St James - best decision you'll ever make. Nerves are to be expected but the adventure awaits.