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Q » How do property taxes work for co-op apartment in your city?
29 Oct, 2025
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A » In a co-op apartment, property taxes are not paid directly by individual owners. Instead, the cooperative corporation pays the property taxes for the entire building. Each co-op shareholder contributes to these taxes through their monthly maintenance fees, which also cover building expenses and mortgage payments. The co-op board determines the amount needed for taxes, and this is proportionally allocated to each shareholder based on their shares.
30 Oct, 2025
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