N.N. from Maine writes: Dear Mister Condo, I am part of a two-family “condo”. There is only this one house in the “condo” association. The association is filed as a non-profit corporation according to the Maine annual filings. There are just two people in the association (i.e. two units) and the association does nothing more…
Tag: Taxes
Taxability of Willed Condo Boat Slip
K.B. from Pinellas County, Florida writes: Dear Mister Condo, My father’s small condo was willed to me after his death. It included a boat slip which is listed as an “Extra Feature” on the latest County Tax appraisal. There was no sale of the slip or the Condo but was inherited. Is the 6% sales…
Condo Owners Question Developer’s Handling of Tax Bills
F.B. from Massachusetts writes: Dear Mister Condo, We moved into a newly built condo in MA last year. We have not received a town tax bill and the town said that the builder filed the master deed too late for the town to assess the individual properties. The town said that the bills will be…
Tax Implications of Converting Fire Damaged Condo to Investment Property
(Editor’s Note – J.S. originally wrote to us in January of 2013. You can read the original post at https://askmistercondo.com/reduced-common-fees-after-a-fire/) J.S. from Pennsylvania writes: Dear Mister Condo, Thank you for your explanation on the condo fees from my previous post. Here is an update. It has been 15 months since the condo fire in Wyncote,…