Long Island coop ownership taxes (Lynbrook, Nassau: real estate, apartments, condos)

[AlexeiOst]

Hi,
I own a house in Lynbrook and so I do understand the structure of property taxes in Nassau. I cannot find the same for coops and condos, however... Is it the same in general? Apartment owners, could you please share your numbers, for example? Of course these will vary town to town, I understand, but I really need to understand the general structure.

Thank you,
Al

[mathjak107]

Real estate taxes are paid via the maintenance..there is no separate tax bill. The total tax bill for the building is divided by the number of shares the apartments in the building represents ...each apartment can be different amounts of shares based on size , floor and view.

Sharing numbers will not tell you a thing about any other apartment

[562026]

Condo owners pay taxes with their mortgages, just like with houses.

[mathjak107]

Condos are like a house.co-ops are a whole different pricing structure

[rocafeller05]

Think of a co-op as a big pie. And each piece of the pie is it’s own unit. All the pieces pay into a property tax base based on number of bedrooms or size of co-op, etc. If you contact the co-op office they can tell you the tax rate per a specific unit.