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Hoa Fees In Promontory


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#1 PJF

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Posted 22 January 2012 - 04:55 PM

I was wondering if anyone knows if HOA fees in the Promontory covers front yard maintenance? Are HOA fees deductable?

Thanks.

#2 Steve Heard

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Posted 23 January 2012 - 02:38 PM

Starting with our second question first, and with the caveat that I am not qualified to give tax advice, to my knowledge, HOA fees are not deductible, as they are a private membership group, not interest or property taxes.

I don't want to do anything that may be construed as interfering with your relationship with your Realtor, but I do have a copy of the Promontory Association Manual. I can give it to you or your Realtor, and I believe it is also available online.

Steve Heard

Folsom Real Estate Specialist

EXP Realty

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Owner - MyFolsom.com

916 718 9577 


#3 aztransplant

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Posted 23 January 2012 - 04:23 PM

I was wondering if anyone knows if HOA fees in the Promontory covers front yard maintenance? Are HOA fees deductable?

Thanks.


Looks like front yard maintenance is the Owner's responsibility: thepromontory.com/residents/Community_Manual.pdf (see page 13)

HOA fees are not deductible.

Lots more info available online here: http://thepromontory...s/residents.htm

#4 PJF

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Posted 24 January 2012 - 10:08 PM

Looks like front yard maintenance is the Owner's responsibility: thepromontory.com/residents/Community_Manual.pdf (see page 13)

HOA fees are not deductible.

Lots more info available online here: http://thepromontory...s/residents.htm


Thanks for the information, both of you.




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