Taxes

Flip Taxes: Co-Op & Condo Boards’ Tool for Boosting Reserve Funds (NY)

It began back in the 1970s as a tool to discourage real estate speculators and to avoid assessments and increases…

3 weeks ago

MHH Condo/Co-op Digest Vol. VI, April 2024 (NY)

Court Of Appeals Decision Threatens To Upend NYC Property Tax System:  On March 19, 2024, the New York State Court…

4 weeks ago

State Court Ruling Opens Door for Major Changes to NYC Property Tax System (NY)

A recent state court ruling has created a path toward major changes to New York City’s property tax system —…

1 month ago

How Condos are Reassessed (IL)

The job of the Assessor’s Office is to calculate a fair market value for your property. The market value is…

1 month ago

2024 Property Taxes: Impact on Chicagoland Community Associations (IL)

Cook County properties are reassessed on a triennial schedule. Every three years, the new valuations – along with appeals, exemptions,…

3 months ago

Mayor Adams eyes NYC property tax breaks as co-ops, condos face crunch from ‘green’ mandate

Mayor Eric Adams said he’d consider property tax breaks for middle-class co-op and condo owners who have to pay for…

3 months ago

Important Tax Deadlines for California HOAs

While understanding tax deadlines and requirements is crucial for any HOA board, navigating through these can be complex and overwhelming.…

3 months ago

IN Tax Court dismisses appeal in Marion County, HOAs assessment dispute

A group of Marion County homeowners’ associations prematurely filed an appeal of their property assessment case’s dismissal at the administrative…

4 months ago

Association Common Area Can Be Foreclosed and Sold to a Third Party for Unpaid Property Tax (NC/SC)

Our office has had two situations in the last six months where an association failed to pay property taxes on…

4 months ago