Quote:
Originally Posted by KeepingItReal
FROM ANOTHER THREAD ON SAME SUBJECT
Hunt Law Firm
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Join Date: Oct 2011
Posts: 53
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Your CDD bond payments and interest on the bond are not tax deductible. Your CDD bond payment is included on your property tax bill as a non ad valorem assessment and is not based on the value of your real property. Ad valorem taxes are based on the assessed value of real property and are deductible on schedule A of your tax return.
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WELL DONE RESEARCH, keepingitreal. Good information for all of us to remember.