Condo Converters Face a Taxing Question

Condo Converters Face a Taxing Question

What's a developer to do? With property tax laws varying so widely from state to state, it's difficult to give blanket advice. But [Andy Raines] did say that "timing is very important. To the extent the developer can postpone [assessment] at the full value, they may sell the units by...

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Veröffentlicht in:Multi - Housing News 2005-07, Vol.40 (7), p.6
1. Verfasser: Allen, Angela C
Format: Artikel
Sprache:eng
Schlagworte:
Condominiums
Conversion
Developers
Property taxes
State court decisions
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Zusammenfassung:What's a developer to do? With property tax laws varying so widely from state to state, it's difficult to give blanket advice. But [Andy Raines] did say that "timing is very important. To the extent the developer can postpone [assessment] at the full value, they may sell the units by then, and after they sell, it's the buyers issue."
ISSN:0146-0919