Just curious With all these new housing developments when they start collecting property taxes on those homes after they are completed or they have to be sold first,
Seems like at the start of the fiscal year if the house is complete and a certificate of occupancy is issued the developer should pay full property tax if the house is not sold as IMO it is now not unimproved property.
Just a thought as services police and fire still needs to be provided plus if something happens to that home does the developers insurance just pay for unimproved property or the finished product.
Just curious With all these new housing developments when they start collecting property taxes on those homes after they are completed or they have to be sold first,
Seems like at the start of the fiscal year if the house is complete and a certificate of occupancy is issued the developer should pay full property tax if the house is not sold as IMO it is now not unimproved property.
Just a thought as services police and fire still needs to be provided plus if something happens to that home does the developers insurance just pay for unimproved property or the finished product.
You don't thing the Govt. is going to miss a penny do you?
They pro-rate it to the date of the CO.