[WSBARP] Real Property Tax Impact Following Dissolution of Condo Association

[ron at housh.org]

When for example a 10 unit apartment building is converted into 10 condos
each with a new and separate real property tax parcel number, I believe the
expectation and result is that the cumulative tax on the 10 condo units
typically exceeds the tax that had been levied on the single tax parcel
apartment building.  Granted there may be case specific factors such as
improvements made to each unit in the conversion process.

 

But - I have a potential reverse situation.  Client owns a commercial condo
unit in a 2 unit complex.  He just bought the 2nd unit and is considering
dissolving the condo association and the condo arrangement so that he has
fee interest in one property - presumably asking the assessor in the process
to reflect one tax parcel versus two.

 

Client has asked whether I believe the assessor is likely to reflect a lower
assessed value on the single parcel as compared to the cumulative total of
the assessed values of the two condo units.

 

In addition to stating "maybe", I indicated I would inquire as to whether
anyone has dealt with this issue before.

 

Thanks,

 

Ron 

 

 

 

 

I AM TYPICALLY IN THE SEATTLE OFFICE ON TUESDAY AND THURSDAY AND IN THE
MOUNT VERNON OFFICE ON MONDAY, WEDNESDAY AND FRIDAY 

 

Ronald G. Housh, P.S.

Attorney at Law

 

Seattle Office:

1420 Fifth Avenue, Suite 3000

Seattle, WA 98101-2393

Phone:   206-381-1341

Fax:        206-464-0461

Email:     <mailto:ron at housh.org> ron at housh.org

 

Mount Vernon Office:

21411 Bluejay Place

Mount Vernon, WA 98274

Phone:  206-235-2459

Email:    <mailto:ron at housh.org> ron at housh.org

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