califgal
newbie
Just wondering if anyone knows if in our WKORV MF there are any property taxes paid? I was looking at the breakdown on the bill, and it doesn't look like it but maybe I'm missing it. Thanks
-
The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!
Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day! -
TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!
Read about our 31st anniversary: Happy 31st Birthday TUG! -
TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!
Free memberships for every 50 subscribers!
Visit TUG on Youtube! -
TUG has now saved timeshare owners more than $23,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!
Read more here: TUG saves owners more than $23 Million dollars -
Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
-
Sign up to get the TUG Newsletter for free!
Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners! -
Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!
All T-shirt options here!
Any Prop Taxes Paid In WKORV MF?
- Thread starter califgal
- Start date
DavidnRobin
TUG Member
- Joined
- Dec 20, 2005
- Messages
- 11,884
- Reaction score
- 2,277
- Location
- San Francisco Bay Area
- Resorts Owned
-
WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
I believe it is called an 'ad valorem' tax in the detailed MF bill (at least it was for last years WKORV MF bill). If you are looking to write it off in your taxes - it has been discussed here (by Bill if I recall correctly) - that this cannot be done per IRS code. Only taxes charged separately from the MF bill can be applied to your itemized deductions. If your tax situation in CA is like ours - it will not be worthwhile due to AMT reducing/eliminating the ability to write-off property taxes (it let's you do it - but if your income is too much it will be negated).
califgal
newbie
Thanks David!