If you own a condo in the Tampa Real Estate Market, or anywhere in the U.S., there is an additional tax break that if often overlooked. If you pay a “special assessment” for a new roof, balcony upgrades, or other work which affects the value of your condo, you may be able to deduct that from the “basis”, to determine your taxable profit upon the sale of your property.

You can read more about it in an article from the National Association of Realtors.

Enjoy some of my other articles about Waterfront Homes and Gated Communities in Tampa:

Harbour Island…A Gated Community in Tampa

Tampa Waterfront Home Buyers Have Many Choices

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