Talk of The Villages Florida - View Single Post - Tax Question
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Old 08-22-2014, 06:37 PM
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Quote:
Originally Posted by Gordon82 View Post
We will be moving down to TV soon. Correct me if I'm wrong, but the property taxes there are county taxes, and CDD taxes. The CDD taxes are made up of a maintenance portion, and a bond portion. The bond payment each year is made up of principal, interest, and an admin fee.

So there are 5 components: county tax, CDD Maintenance, CDD bond principal, CDD bond interest, and CDD bond admin.

Are all 5 of these considered property tax that can be deducted? I would certainly think the first two are, but I wasn't sure if only the bond principal might be considered property tax or all 3 parts of the bond.

Thanks in advance.

Only county property taxes are deductible.

Bond principal, interest, and admin fee, are NOT deductible and neither is the annual maintenance or fire fee which also appears on the tax bill.

Some additional info here:

Bond , is it tax deductible?

Interest portion of bond payment tax deductible?
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