Co-op / Condo News: Taxes Rising Higher for Apartments Than for Houses
Jan. 20, 2014 — Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, we learn that property taxes are going up. That's news? It is when the jump will be 5.5 percent for co-ops and 7.4 percent for condos (per the New York Post) or 7.5 percent for co-ops and 9.6 percent for condos (per The Wall Street Journal) — as opposed to just 3.8 percent for owners of single-family homes! Wait, don't single-family homes already get their assessed values capped at 2 percent each year, while there's no cap on how high co-op and condo valuations can rise? Plus: We've board members who somehow couldn't predict the headline "Deaf Grandfather Fights Condo Board to Keep Service Dog." And isn't all this is exactly the kind of stuff a new co-op / condo social-media site will let apartment-owners talk about amongst themselves?
Read all the latest co-op /condo news for buyers, sellers and board members in Habitat's weekly Monday News Roundup. Also included: Permanent archival links: If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
Co-op / Condo Buying, Selling, Living...
- "NYC Property Taxes Set to Rise" by Yoav Gonen and Lois Weiss (New York Post) and "Big Property-Tax Increases on Horizon" by Josh Barbanel (The Wall Street Journal; subscription required)
- "New Social Media Site Will Introduce [Exclusively Co-op and Condominium] Neighbors" by Julie Strickland (TheRealDeal.com)=
- "Postcard from... New York," on a co-op dealing with ivy, by David Usborne (The Independent)
- "[Art] Collector Pays $27.5M for Embattled Dakota Co-op Head's 3BR" by Hana R. Alberts (NY.Curbed.com)
Co-op / Condo Board Issues...
- "Deaf Grandfather Fights Battery Park City Condo Board to Keep Service Dog" by Irene Plagianos (DNAInfo.com) and "New York State Agency Helping Deaf Man Keep Dog After Alleged Condo Board Threats" by Barbara Ross (New York Daily News)
- "Dog Owner Who Violated Co-op's Rules Must Pay $30K" by Brendan Pierson (New York Law Journal; subscription required) and "Housing Court Grants $30,000 in Attorneys' Fees to Rosenberg & Estis Client, East River Housing Corp., in Case Over Tenant with Illegal Dog" (Rosenberg & Estis press release)
- "995 Fifth Board Files $5M Suit vs. Extell, Westbrook" by David Jones (TheRealDeal.com)
- [Excessively barking dog in condo / Grandfathered professional office in co-op] by Ronda Kaysen (The New York Times)
WebCitation archives:
NYC Property Taxes • Big Property Tax • Social Media • Postcard • Art Collector • Deaf Grandfather • Deaf Man • Dog Owner • Housing Court • 995 Fifth • Excessively / Grandfathered