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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.
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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
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