Thursday, January 9, 2014

Yearly Dues Discount and the other Property Tax Discount, watch out

Yearly Dues Discount and the other Property Tax Discount, watch out


A circular was just posted on the yearly discount of one month's worth of dues if the entire year is paid on or before January 22, 2014.  Ryan went to pay for the units and besides the dues with discount applied and applicable VAT the clerk added Real Estate Tax and Building Insurance.  He had to explain that he was there to pay for the full year of dues and not the Real Estate Tax and Building Insurance.  A reply was that there was VAT.  He can only guess why the retort was made.

So all Unit Owners, do not pay for the year's Real Estate Tax and Building Insurance if you do not want to since there is not a discount for these, and it will be billed at regular intervals throughout the year.

Many Unit Owners in the past have been confused as to another tax they owe which is also a Real Estate Tax.  The one the condominium corporation bills is for the building and the other which all Unit Owners are responsible for is the Real Estate Tax on individual units.  The tax for units is to be paid at city hall.  Do so soon since the city has a discount.  I know, why didn't the admin mention this, too?

Unit Owners, please make sure the Real Estate Tax on your unit(s) is paid up to date with the city.

In the circular, I do not agree with the sentence:  "We do not run the operations and maintenance of the building unfairly, if not arbitrarily."  Since Board meetings are conducted in private & secret and getting information has been beyond ridiculous, I seriously question any notion of fairness and not being arbitrary.

I have written and spoken to the fact of Unit Owners being the responsible party for dues no matter whether a unit is rented or not.  Now, as in the past with other matters, I see a reflection of this in the circular.  Others in the past had noticed such writings and actions from the managing and brought this to our attention.

No comments:

Post a Comment