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CA renter.
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April 30, 2009 at 9:27 AM #390810April 30, 2009 at 9:38 AM #390162
SDEngineer
Participant[quote=SanDiegoDave][quote=PKMAN]…after realizing that deducting MR as property tax is illegal.[/quote]
Does anyone know why it’s illegal? It’s property tax. No property? No Mello-Roos tax. Seems pretty straightforward to me.
Have there been court cases where the IRS won, when preventing someone from deducting MR?
We pretty much ruled out any properties with MR during our home search over the last two years.[/quote]
It’s not deductible because, unlike normal property tax (which goes to fund the state), the vast majority of Mello-Roos taxes goes to directly fund neighborhood improvements. Since the property owner directly benefits from the Mello-Roos payments to a much greater degree than someone located, say, 25 miles away would, it’s not considered to be tax deductible as a general fund property tax.
The final word from CA franchise tax board on it:
You cannot deduct Mello-Roos taxes if they are assessed to fund local benefits and improvements that tend to increase the value of your property. Mello-Roos taxes may appear on your annual county property tax bill with other deductible property taxes. That does not mean you can deduct the Mello-Roos taxes. You may only be able to deduct a portion of the total property tax shown on your bill.
Most of the time, you cannot deduct real estate taxes assessed for local benefits and improvements. However, you can deduct them if they are for maintenance, repair, or interest charges related to those benefits. Some examples of local benefits are:
Sidewalks
Streets
Sewer lines
Water mains
Public parking facilities
Other similar improvements
To deduct local benefit taxes, you must be able to show the amount of the taxes that are for maintenance, repair, or interest. If you cannot show what part of the local benefit taxes are for these charges, you cannot deduct the taxes.For more information, you can:
Contact your Mello-Roos District.
Get Internal Revenue Service Publication 17, Your Federal Income Taxes-Individuals, Chapter 24.April 30, 2009 at 9:38 AM #390425Participant[quote=SanDiegoDave][quote=PKMAN]…after realizing that deducting MR as property tax is illegal.[/quote]
Does anyone know why it’s illegal? It’s property tax. No property? No Mello-Roos tax. Seems pretty straightforward to me.
Have there been court cases where the IRS won, when preventing someone from deducting MR?
We pretty much ruled out any properties with MR during our home search over the last two years.[/quote]
It’s not deductible because, unlike normal property tax (which goes to fund the state), the vast majority of Mello-Roos taxes goes to directly fund neighborhood improvements. Since the property owner directly benefits from the Mello-Roos payments to a much greater degree than someone located, say, 25 miles away would, it’s not considered to be tax deductible as a general fund property tax.
The final word from CA franchise tax board on it:
You cannot deduct Mello-Roos taxes if they are assessed to fund local benefits and improvements that tend to increase the value of your property. Mello-Roos taxes may appear on your annual county property tax bill with other deductible property taxes. That does not mean you can deduct the Mello-Roos taxes. You may only be able to deduct a portion of the total property tax shown on your bill.
Most of the time, you cannot deduct real estate taxes assessed for local benefits and improvements. However, you can deduct them if they are for maintenance, repair, or interest charges related to those benefits. Some examples of local benefits are:
Sidewalks
Streets
Sewer lines
Water mains
Public parking facilities
Other similar improvements
To deduct local benefit taxes, you must be able to show the amount of the taxes that are for maintenance, repair, or interest. If you cannot show what part of the local benefit taxes are for these charges, you cannot deduct the taxes.For more information, you can:
Contact your Mello-Roos District.
Get Internal Revenue Service Publication 17, Your Federal Income Taxes-Individuals, Chapter 24.April 30, 2009 at 9:38 AM #390632Participant[quote=SanDiegoDave][quote=PKMAN]…after realizing that deducting MR as property tax is illegal.[/quote]
Does anyone know why it’s illegal? It’s property tax. No property? No Mello-Roos tax. Seems pretty straightforward to me.
Have there been court cases where the IRS won, when preventing someone from deducting MR?
We pretty much ruled out any properties with MR during our home search over the last two years.[/quote]
It’s not deductible because, unlike normal property tax (which goes to fund the state), the vast majority of Mello-Roos taxes goes to directly fund neighborhood improvements. Since the property owner directly benefits from the Mello-Roos payments to a much greater degree than someone located, say, 25 miles away would, it’s not considered to be tax deductible as a general fund property tax.
The final word from CA franchise tax board on it:
You cannot deduct Mello-Roos taxes if they are assessed to fund local benefits and improvements that tend to increase the value of your property. Mello-Roos taxes may appear on your annual county property tax bill with other deductible property taxes. That does not mean you can deduct the Mello-Roos taxes. You may only be able to deduct a portion of the total property tax shown on your bill.
Most of the time, you cannot deduct real estate taxes assessed for local benefits and improvements. However, you can deduct them if they are for maintenance, repair, or interest charges related to those benefits. Some examples of local benefits are:
Sidewalks
Streets
Sewer lines
Water mains
Public parking facilities
Other similar improvements
To deduct local benefit taxes, you must be able to show the amount of the taxes that are for maintenance, repair, or interest. If you cannot show what part of the local benefit taxes are for these charges, you cannot deduct the taxes.For more information, you can:
Contact your Mello-Roos District.
Get Internal Revenue Service Publication 17, Your Federal Income Taxes-Individuals, Chapter 24.April 30, 2009 at 9:38 AM #390684Participant[quote=SanDiegoDave][quote=PKMAN]…after realizing that deducting MR as property tax is illegal.[/quote]
Does anyone know why it’s illegal? It’s property tax. No property? No Mello-Roos tax. Seems pretty straightforward to me.
Have there been court cases where the IRS won, when preventing someone from deducting MR?
We pretty much ruled out any properties with MR during our home search over the last two years.[/quote]
It’s not deductible because, unlike normal property tax (which goes to fund the state), the vast majority of Mello-Roos taxes goes to directly fund neighborhood improvements. Since the property owner directly benefits from the Mello-Roos payments to a much greater degree than someone located, say, 25 miles away would, it’s not considered to be tax deductible as a general fund property tax.
The final word from CA franchise tax board on it:
You cannot deduct Mello-Roos taxes if they are assessed to fund local benefits and improvements that tend to increase the value of your property. Mello-Roos taxes may appear on your annual county property tax bill with other deductible property taxes. That does not mean you can deduct the Mello-Roos taxes. You may only be able to deduct a portion of the total property tax shown on your bill.
Most of the time, you cannot deduct real estate taxes assessed for local benefits and improvements. However, you can deduct them if they are for maintenance, repair, or interest charges related to those benefits. Some examples of local benefits are:
Sidewalks
Streets
Sewer lines
Water mains
Public parking facilities
Other similar improvements
To deduct local benefit taxes, you must be able to show the amount of the taxes that are for maintenance, repair, or interest. If you cannot show what part of the local benefit taxes are for these charges, you cannot deduct the taxes.For more information, you can:
Contact your Mello-Roos District.
Get Internal Revenue Service Publication 17, Your Federal Income Taxes-Individuals, Chapter 24.April 30, 2009 at 9:38 AM #390825Participant[quote=SanDiegoDave][quote=PKMAN]…after realizing that deducting MR as property tax is illegal.[/quote]
Does anyone know why it’s illegal? It’s property tax. No property? No Mello-Roos tax. Seems pretty straightforward to me.
Have there been court cases where the IRS won, when preventing someone from deducting MR?
We pretty much ruled out any properties with MR during our home search over the last two years.[/quote]
It’s not deductible because, unlike normal property tax (which goes to fund the state), the vast majority of Mello-Roos taxes goes to directly fund neighborhood improvements. Since the property owner directly benefits from the Mello-Roos payments to a much greater degree than someone located, say, 25 miles away would, it’s not considered to be tax deductible as a general fund property tax.
The final word from CA franchise tax board on it:
You cannot deduct Mello-Roos taxes if they are assessed to fund local benefits and improvements that tend to increase the value of your property. Mello-Roos taxes may appear on your annual county property tax bill with other deductible property taxes. That does not mean you can deduct the Mello-Roos taxes. You may only be able to deduct a portion of the total property tax shown on your bill.
Most of the time, you cannot deduct real estate taxes assessed for local benefits and improvements. However, you can deduct them if they are for maintenance, repair, or interest charges related to those benefits. Some examples of local benefits are:
Sidewalks
Streets
Sewer lines
Water mains
Public parking facilities
Other similar improvements
To deduct local benefit taxes, you must be able to show the amount of the taxes that are for maintenance, repair, or interest. If you cannot show what part of the local benefit taxes are for these charges, you cannot deduct the taxes.For more information, you can:
Contact your Mello-Roos District.
Get Internal Revenue Service Publication 17, Your Federal Income Taxes-Individuals, Chapter 24.April 30, 2009 at 11:08 AM #390221
svelteParticipantOr just follow this link…
April 30, 2009 at 11:08 AM #390485svelteParticipantOr just follow this link…
April 30, 2009 at 11:08 AM #390692svelteParticipantOr just follow this link…
April 30, 2009 at 11:08 AM #390743svelteParticipantOr just follow this link…
April 30, 2009 at 11:08 AM #390885svelteParticipantOr just follow this link…
April 30, 2009 at 12:10 PM #390271WaitingToExhale
Participant[quote=PKMAN]My HOA (Riverwalk of Santee) does not allow:
– Car washing, even for single detached residences with own driveway
– Parking on private streets inside the community
– Supposedly no parking on own-driveway as well but nobody is following this ruleThere are probably more restrictions that I’ve yet to looked into. But the HOA fee is only $118/mo and no MR. So I think it’s a good trade-off, at least so far.[/quote]
Why is car washing considered low-class?
April 30, 2009 at 12:10 PM #390535Participant[quote=PKMAN]My HOA (Riverwalk of Santee) does not allow:
– Car washing, even for single detached residences with own driveway
– Parking on private streets inside the community
– Supposedly no parking on own-driveway as well but nobody is following this ruleThere are probably more restrictions that I’ve yet to looked into. But the HOA fee is only $118/mo and no MR. So I think it’s a good trade-off, at least so far.[/quote]
Why is car washing considered low-class?
April 30, 2009 at 12:10 PM #390742Participant[quote=PKMAN]My HOA (Riverwalk of Santee) does not allow:
– Car washing, even for single detached residences with own driveway
– Parking on private streets inside the community
– Supposedly no parking on own-driveway as well but nobody is following this ruleThere are probably more restrictions that I’ve yet to looked into. But the HOA fee is only $118/mo and no MR. So I think it’s a good trade-off, at least so far.[/quote]
Why is car washing considered low-class?
April 30, 2009 at 12:10 PM #390793Participant[quote=PKMAN]My HOA (Riverwalk of Santee) does not allow:
– Car washing, even for single detached residences with own driveway
– Parking on private streets inside the community
– Supposedly no parking on own-driveway as well but nobody is following this ruleThere are probably more restrictions that I’ve yet to looked into. But the HOA fee is only $118/mo and no MR. So I think it’s a good trade-off, at least so far.[/quote]
Why is car washing considered low-class?
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