Hello there and Happy New Year.
I am a bit confused but if you are asking me if you must pay real estate property taxes as an individual unit owner, then the answer is "yes". The individual unit, even though it is an apartment or a condo within a larger building, is considered a separate piece of real estate for taxing purposes and that is the manner in which it is handled. I wish I could tell you something different here but I can only give you an answer based upon the current state of the law in NY (and all states on this issue). If you have further questions or you want to give me some more information that might assist in the analysis I would be happy to follow up with you on it.
Please press the 3rd, 4th or 5th smile face below so I will be paid for my time. I am paid NOTHING unless you press the 3rd, 4th or 5th smile face below so I really DO appreciate it! THank you very much !!
Hi, thank you for your reply.
My question is: do you have to pay property tax on the home/apt you live in (it is the only property you own)?
Hello again Salah and Happy New Year
If you are the owner of the apartment (the deed is in your name), then yes, there will be separate property taxes billed to you and you must pay them. If you are renting the unit from someone else who is the owner, then that person would pay property taxes on the apartment.
I apologize for the delay - I was offline for the New Year holiday
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).