Deducting Property Taxes for 2009?

[Stevegriswold]

Hi,

I saw this on allears.net

"You may be able to deduct the property tax portion of your annual dues on your federal and/or state tax return. For instance, in 2004 Old Key West owners paid $0.7959 per point in property taxes, out of their total $3.6766 per point annual dues. For an owner with 150 points, that translated into $119.39 in property taxes that might be deductible. Consult your tax advisor for details. "

Does anyone know more about this?
Is there a DVC chart with the per point deduction by property?
Do you need a property tax form from DVC to claim this?

Thanks,
Steve

 

[RobDoc]

The amount of the taxes for 2008 is listed on your 2009 statement as well as the estimated amount for 2009. You will not get a separate notice from DVC about property taxes paid but you should receive a 1099(98?) reporting any interest paid if you have a mortgage financed thru DVC.

As always, you should check with your own tax advisor to see if this would be a deduction in your case.