2006-09-16 04:08:53 · 10 answers · asked by Royce G 1 in Home & Garden ➔ Other - Home & Garden
Your condo will be assessed for property taxes and you will have to pay them. In addition, the common grounds, owned and managed by your condo association will also have to pay property taxes. The cost of the association property taxes will be passed through to you in the form of your monthly association fees.
Good luck with your property taxes.
2006-09-20 00:31:44 · answer #1 · answered by exbuilder 7 · 9⤊ 1⤋
Let me help you.
Rephrase your question like this...
Do they charge you property taxes on Condos?
Answer:
Yes they do charge property taxes on Condominiums.
The property tax is calculated based upon the total amount of the property (land) value and the total value of the buildings divided by the number of condos.
2006-09-16 04:19:44 · answer #2 · answered by zahbudar 6 · 0⤊ 0⤋
Yes. You own the property and pay property taxes.
2006-09-16 04:29:22 · answer #3 · answered by Dolly 1 · 0⤊ 0⤋
Yes. But, only on the condo. The land assessment is paid by the condo associataion, but more or less passed on to you through condo fees.
2006-09-16 04:11:08 · answer #4 · answered by hbsizzwell 4 · 0⤊ 0⤋
Yes, you're paying for a suite that is considered a house. You will have to fork over so much for every $100.00 of the value of that condo.
2006-09-16 04:13:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Judge P ( # 1 ) said it all. Even when you rent, you're paying property taxes.
2006-09-16 04:19:34 · answer #6 · answered by wallyinsa 3 · 1⤊ 0⤋
yes, the type of dwelling which you buy for living in)does not exclude property taxes (churches???)
do a word search on property taxes, or IRS, or word search real estate taxes
2006-09-16 04:26:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
you could desire to double verify yet generally the valuables taxes are paid seperate from the maintenance fee. you will probably have the rolled into the PITI of the loan. In some cases, whether, the month-to-month fee incorporates tax whether it relatively is totally uncommon. you could ask the revenues individual and/or verify the apartment association information to make certain. desire this enables.
2016-10-01 00:47:37 · answer #8 · answered by Erika 4 · 0⤊ 0⤋
It depends on where you live. Contact your tax office or a realtor.
2006-09-16 04:16:35 · answer #9 · answered by Anonymous · 0⤊ 0⤋
yes
2006-09-16 04:17:25 · answer #10 · answered by miss 3 · 0⤊ 0⤋