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New Member
posted Jan 26, 2021 4:01:29 PM

How do I calculate property tax in a co-op?

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2 Replies
Expert Alumni
Jan 26, 2021 5:56:19 PM

Check with your property manager. You should receive a shareholder’s letter showing how much of your maintenance fee is property tax. Or ask them. You pay property taxes on your unit as part of your monthly maintenance fee.

 

You may have to do the calculation yourself. 

 

Tax Expert @IsabellaG shows you an example in I was told you can deduct 50% of a coop maintenance fee. where do I input this on my tax return.

New Member
Jan 29, 2021 6:39:31 AM

Yes thank you, all resolved.