Condo owners beware
Fred Pilot sent me this link to a story originally located by Nancy Levy that bodes ill for NY condo and co-op owners on the taxation front.

When Elayne Wolfenhaut bought a one-bedroom condominium in Woodbury Heights after her husband's death, a big selling point was that the property taxes were a fraction of what she was paying on her house in Monroe. Wolfenhaut, 60, had planned to stay in her condo indefinitely. But now she's learned that legislation pending in Albany could double her $2,200 annual tax bill. She figures that's more than she can afford on her salary as a legal secretary. "Some people can't bear the burden of one more dollar," Kim Chiapperino Schuessler, president of the Woodbury Heights Homeowners Association, said yesterday. "It's just not right. And it's not right that we haven't heard anything about it." Bills are quietly moving through both the Assembly and Senate in Albany that would change how condominiums and cooperative housing complexes in New York are assessed for property tax purposes.