coop maintenance

Are Property Taxes Included In Ny Coop Maintenance?

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Are Property Taxes Included In Ny Coop Maintenance? A co-op’s maintenance fee combines property taxes and common charges into one monthly payment. This is contrary to a condo where you receive a separate bill for each. It’s all one payment because remember you don’t actually own the apartment. How is coop maintenance calculated in NY?

How Is Coop Maintenance Calculated?

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How Is Coop Maintenance Calculated? So co-op maintenance charges are calculated by taking the total operating costs of the building, dividing them by the total number of shares in the building, and multiplying that by the number of shares allocated to any one apartment. Does coop maintenance ever go down? Rarely. “This usually occurs when