D&O E&O Monitor

Is it right for our condominium association to be taxed on a pool, clubhouse, or green space that is part of the association’s common elements?

Generally, no. The Illinois Revenue Act requires that County Tax Assessors not tax common elements of a condominium association separately or in addition to the taxes that are assessed against the individual units. Condominium association units are considered percentage in… Continue Reading →

2015/03/16 0

D&O E&O Monitor

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Is it right for our condominium association to be taxed on a pool, clubhouse, or green space that is part of the association’s common elements?

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