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Deductions & credits
Unfortunately, no.
Per the IRS:
Assessments for local benefits.
You can’t deduct amounts you pay for local benefits that tend to increase the value of your property. Local benefits include the construction of streets, sidewalks, or water and sewer systems. You must add these amounts to the basis of your property
Why was the PID created: The PID was created to finance certain public improvements (roadway improvements and utility improvements) that are required for and provide specific benefits to property within the project.
February 18, 2020
10:57 AM