Assessments Made Against Real Estate for the Purpose of Funding

question 18

True/False

Assessments made against real estate for the purpose of funding new street lights are not deductible in the year paid but rather should be added to the cost basis of the property.

---

Definitions:

Vagus Nerve

The tenth cranial nerve that innervates many organs, including the heart, lungs, and digestive tract, playing a critical role in the parasympathetic nervous system.

Somatic Motor Neuron

A type of neuron that sends impulses from the central nervous system to skeletal muscle cells, causing them to contract.

Autonomic Ganglion

A cluster of nerve cells that are part of the autonomic nervous system, which controls involuntary bodily functions.

Effector Organ

Any organ or tissue that responds to nerve impulses by performing a specific function, such as a muscle contracting or a gland secreting hormones.