Special Assessment Tax Question
I pay a special assessment to the county I live in. It was explained to us it was to add the sewers and roads and helped keep the initial sale price of the houses down. The question, however, is the interest I pay on the special assessment tax deductible, and if so, where do I claim it on my tax form? I'm assuming on Schedule A.
This assessment is not claimed to the IRS, and is paid to the village I live in, so I don't have a tax ID to report.
Thanks for any help I get
Last edited by MattJr35 : 03-16-2011 at 05:14 PM.