Condo Alert: Assessment Appeal Deadline - April 1, 2013 - Don't Miss It!

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Has your Corporation filed a request for reconsideration for the common amenity service unit(s) in your building (i.e. guest, superintendent, recreational units and other units owned by the Corporation that provide services or amenities to the residents)? If not, the deadline is Monday, April 1, 2013.

In a recent Assessment Review Board decision, 40 superintendent suites were assessed at $9.00.  To make a long story short, the Board concluded that owners were already being taxed for these units through their residential, parking and locker unit taxes.

If your Corporation is currently paying more than $9.00 for any of the common amenity service unit(s) in your building, you should immediately file a request for reconsideration with the Municipal Property Assessment Corporation (MPAC). There is no fee for the filing.

For more information on filing a request for reconsideration, please visit MPAC’s website.

Topics:  Common Amenity Service, Condominiums, Property Tax

Published In: Business Organization Updates, Residential Real Estate Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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