TAX WATCH: Trump Tower (condo) garage deal skirts law (NY)

State law prohibits municipalities from separately taxing the common area of a condominium, which avoids double taxation on property owned by condo dwellers.  But, over the past eight years, owners at Trump Tower Condominium at City Center in White Plains have paid an estimated $600,000 in a tax deal struck years earlier on the high-rise condo’s parking garage, before it became part of the luxury building’s common area in 2008.    Read the article………….


Related Articles

HOA wants to thin out the population of deer in one community (GA)

Some Fayette County residents are trying to stop the plans of a local homeowners’ association to thin out a herd

Palm Beach (FL) condo managers question town officials about utilities plan

Managers of about 20 condominiums were at Town Hall on Monday to ask questions about the initiative to bury all

HOAs vs. lawyers (FL)

A new Florida law will allow homeowner association managers statewide to continue performing aspects of their jobs that attorneys had