Quote:
Originally Posted by Tiredofnyclife
Slight correction. Co-op owners ( of which there are many under rent stabilized programs like Mitchell Lama) pay real estate property taxes too. It's just bundled into their maintenance fees over a year period.
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The cooperative that owns the co-op pays the taxes. Unit owners hold shares in the cooperative. I agree to us it's semantics but legally it's an entirely different world.