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Updated almost 16 years ago,
Converted Condo 1st yr Prop. Taxes
I recently purchased a condo within a house that was just converted into a 4 unit condo building in California. The first year's property taxes are not split individually for each condo unit, the building receives one tax bill and it is up to the owners how to split that bill.
The owners of each unit (some of the units are still owned by the people who created the condos) are having a conflict on how to split the bill. I'm not really looking for opinions of how it should be split but rather any laws or examples to follow. Does anyone have any insight??