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.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An environmental impact statement (EIS) is a detailed report required for major federal projects or actions that may significantly affect the environment. It is mandated by the National Environmental Policy Act (NEPA).
A nonconforming use is a property use that was legally established before a zoning change but no longer complies with the current zoning ordinance. It is commonly called a "grandfathered" use.
A planned unit development (PUD) is a zoning classification that allows mixed land uses (residential, commercial, recreational) within a single development with flexible zoning standards. Homeowners typically own their lot and share common areas.
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