Posted on: 30th Jul, 2009 09:18 am
What is this and why is this verey specific to certian areas?
Can I take a tax deduction on the Mellas Roos?
Thanks
Can I take a tax deduction on the Mellas Roos?
Thanks
no clue
As far as I know, this is some kind of city tax.
But some one with more knowledge please respond
But some one with more knowledge please respond
George--How are you?
I never heard of Mellas Roos, so, I googled it.
It is a tax that California State Legislature passed in 1992 for Community Facilities Districts to be able to charge in order to fund public improvements.
A special real estate tax can be charged in addition to regular real estate taxes in order to pay the principal and interest on bonds sold to fund the public improvements.
Generally, the tax may not be deducted if the improvement improves property values--like new sidewalks, sewers, etc.
It may be posible to deduct what money was used for maintenance, repais, interest....
In other words, no one but an accountant can tell you for sure.
I never heard of Mellas Roos, so, I googled it.
It is a tax that California State Legislature passed in 1992 for Community Facilities Districts to be able to charge in order to fund public improvements.
A special real estate tax can be charged in addition to regular real estate taxes in order to pay the principal and interest on bonds sold to fund the public improvements.
Generally, the tax may not be deducted if the improvement improves property values--like new sidewalks, sewers, etc.
It may be posible to deduct what money was used for maintenance, repais, interest....
In other words, no one but an accountant can tell you for sure.
Thnak you
This was helpful.
I was surprised and disappointed that I cannot deduct this in taxes
More taxes !!!!!!
Thanks
This was helpful.
I was surprised and disappointed that I cannot deduct this in taxes
More taxes !!!!!!
Thanks