Question

can frontage assessments be deducted

Forum|Forum|5 years ago
January 12, 2021
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It depends.

You normally cannot deduct a special assessment by a government on your property. However, if the taxing authority breaks it out, you can deduct the maintenance, repairs, or an interest charge for a local benefit for your property (but not the original construction).

Instead, the assessment is added to the basis of your house, so that, in theory, when you sell your house, the basis of the house has been increased so your gain is decreased.

See page A-3 at https://www.irs.gov/pub/irs-pdf/i1040sca.pdf and the more readable discussion at https://www.nolo.com/legal-encyclopedia/deducting-real-estate-taxes-on-your-home.html

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