It is a territorial exclave administered by Mascali but falling within the territory of the Municipality of Giarre. The toponym derives from the Italian tagliaborse (‘pickpocket’) and is motivated by the fact that the place was once infested by brigands who robbed passersby.

One of these was precisely the brigand Luca, nicknamed Tagliaborsa, who, according to a popular legend, repented of his sins and converted after the apparition of the Madonna.