Here's a follow-on question then: Granted, the interest payment on the bond isn't considered to be part of your property taxes (it just happens to get billed/collected with them) and thus isn't deductible as a property tax. But can the bond interest be considered deductible as mortgage interest? I guess "yes" but look to input from others.
Here's my mentality on it: If you purchase a home (elsewhere) in a development where the cost of the development's infrastructure is INCLUDED in the sales price of each home, your home mortgage interest is deductible..........and it includes the amount associated with the infrastructure cost whereas in TV, the infrastructure cost is broken out separately via the bond.
Bill
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