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Condominiums Tax Liability

Pullman & Comley - For What It May Be Worth

When is an Easement Subject to Taxation

Most folks laboring in the property tax and valuation vineyards would not think that an easement attached to a parcel of real estate could create a separate tax liability for its owner.  That presumption might be true in most...more

Cozen O'Connor

FY 2022 Will Herald Prevailing Wage Requirement for Tax Abatements

Cozen O'Connor on

On Labor Day, Governor Kathy Hochul signed Senate bill S6350A that prohibits most individual unit owners or shareholders in condominiums (condos) or cooperatives (coops) from obtaining or maintaining tax abatements under...more

Cozen O'Connor

Cooperative and Condominium Tax Abatement Safe from Prevailing Wage Requirement

Cozen O'Connor on

Coops and condos will not need to pay their service employees prevailing wages to keep their units eligible for the Cooperative and Condominium Tax Abatement (the abatement). The abatement reduces property taxes between 17.5...more

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