Should sponsor reimbure me the tax assessment?

Started by AX1

over 12 years ago

Posts: 4

Member since: Jul 2012

Discussion about

I recently bought a sponsor unit in a coop building. It was closed in the first half of the year and on July 1st maintainance fee invoice, I was charged more than $1,000 Tax Assessment. I was told that this is related to last year's tax rebatement and usually the owner should receive the same amount of credits from government. However, the sponsor was not eligible for this credit. I was told that I should pay this portion to the building and the sponsor should reimburse me. However, since it was closed already, I am afraid that the sponsor is not going to reimburse. Any thought/suggestion would be very much appreciated!

Response by AX1

over 12 years ago

Posts: 4

Member since: Jul 2012

Reimburse.... Sorry for the typo.

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Response by Mikev

over 12 years ago

Posts: 431

Member since: Jun 2010

I think your best option is to contact your attorney as they are the ones who are supposed to help you stay on top of these things. They also would be able to tell you the best way to handle this. My personal opinion is not to pay anything until it gets cleared up and you determine whether it actually may relate to expenses you should be paying.

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Response by 300_mercer

over 12 years ago

Posts: 10570

Member since: Feb 2007

Think you got caught by back assessment. At the time of the purchase, there was nothing due but in the bill sent out in June, the city decided to issue back tax bill due to removal of abatement for the apt being used as non primary residence. Believe many other buyers are in a similar boat. It seems the seller owes the taxes but how do you get them to pay?

Should sponsor reimbure me the tax assessment?

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