Comments on: WCCUSD board to consider parcel tax tonight

By: Theresa Harrington

Theresa Harrington — Thu, 08 Mar 2012 01:07:31 +0000

Here’s a new post about the WCCUSD’s fourth annual Getting Ready for College and Career Conference on March 17: http://bit.ly/AdTcL7

By: Sandra Davenport

Sandra Davenport — Mon, 20 Feb 2012 04:02:49 +0000

lets vote this in people. They need the money.

By: Kris Hunt, CoCoTAX

Kris Hunt, CoCoTAX — Thu, 16 Feb 2012 23:14:50 +0000

Bonds are ad valorum (meaning based on the property value) and are generally deductible. BTW, even though enforcement is not going to begin until the 2012 tax year that does not make those parcel taxes and fees deductible this year.

By: Theresa Harrington

Theresa Harrington — Thu, 16 Feb 2012 02:04:17 +0000

No. The portion that is related to the property value, according to taxpayers groups, is deductible — for 2012 taxes. This means portion for parcel taxes and Mello Roos is not deductible.

By: Doctor J

Doctor J — Thu, 16 Feb 2012 01:22:53 +0000

Does this mean the MDUSD 2010 Measure C bonds are not tax deductible either ?

By: Kris Hunt, CoCoTAX

Kris Hunt, CoCoTAX — Wed, 15 Feb 2012 23:00:22 +0000

This parcel tax, like others is not deductible from your income tax. The state is going to begin checking in earnest with the 2012 tax year (the tax that is due April 15 of 2013).

State law follows Federal in that you are only allowed to deduct the portion of real estate taxes that is based on assessed value of your property with some limited exceptions. Big dollar deductions could be eliminated particularly for those living in a Mello-Roos fee area. It also means that parcel taxes, sewer charges, and items like the Mosquito and Vector amounts are not deductible. A sample Contra Costa County Property Tax bill showing deductible vs. nondeductible items can be found below:

https://www.ftb.ca.gov/individuals/Real_Estate_Tax_Deduction/contra_costa_sample.pdf