Property Ownership Land Use ControlsCondos_coopsEASY
The property taxes for a condominium unit are paid by the:
Correct Answer
C) owner of the condominium.
Each condominium unit is separately assessed and taxed as individual real property, so the unit owner is responsible for paying their own property taxes directly to the taxing authority.
Answer Options
A
board of governors.B
homeowners’ association (HOA).C
owner of the condominium.D
subdividers who constructed the property.Video Explanation2 min
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Related Topics & Key Terms
Related Topics:
property-ownership-structureshoa-governancecondo-financial-management
Key Terms:
condominium ownershipproperty tax liabilityDavis-Stirling ActHOACalifornia Revenue and Taxation Code
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