[quote=bearishgurl][quote=UCGal]Sure you couldn’t legally deduct mello roos in the first place… but most folks did.
Now the state will be able to look at your itemized bill since you have to provide that info along with your parcel number.
For those of us that live in non HOA areas… it seems like it might apply to various bond measures as well…[/quote]
Upon reviewing my tax bill, it appears the voter-approved school and CC bonds ARE part of the ad valorem portion of a property tax bill and thus ARE and will CONTINUE to be deductible.
Acc to the FTB website, a total $29.64 of the tax bill of my primary residence will not be deductible beginning next year.
I do not live in a MR-encumbered CFD, either.[/quote]
And it will be fun to watch a computer figure out when one county calls something “voter approved school bond” or something else “ad valorem” in one way, and anothe county calls it something else, and there is no “code” or “key” that computer system can parse universally.. Meanwhile, if this hodgepodge “system” is put in place and operational by next year, it would be even more fun seeing a bunch of tax filings incorrectly flagged, in person audits being requested, and then finding that their aren’t enough auditors to go through what most likely are correct reporting by filers (because after all, it costs money to hire more auditors…probably more so than how many people actually incorrectly file intentionally)… Lol, this is gonna be fun to watch.
The state is better off trying to audit businesses more carefully and finding real tax cheats…But our government always loves to try to find pennies when it’s losing boatloads!
