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Real Estate Taxes

Started by chelapt
over 15 years ago
Posts: 81
Member since: Apr 2010
Discussion about
Are all coops/condos considered Class 2 and thus current rate is 13.353%?Do you take this rate and multiply it against the Market Value of the building(ie which is based on the comps)?
Response by chelapt
over 15 years ago
Posts: 81
Member since: Apr 2010

Just looking for the formula used to calculate real estate taxes...do they use the the last 5 yrs of market value, take an average and then apply the rate mentioned?

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