This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Rules For Condo Owners In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00452
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Based upon the documentation provided by the property owner, the Board will determine a fair market value for the property. The Board will then by statute, apply the appropriate Common Level Ratio (CLR) to the fair market value to arrive at the new assessed value. NOTE: The CLR is created by the Pa.
Allegheny County uses base year methodology to set assessed values. Base year methodology allows similar homes to have similar assessments by eliminating the effect of changing market conditions. Our current base year is 2012 with an effective date of value of January 1, 2012.
Assessed value is the dollar value assigned to a home or other property for tax purposes. It takes into consideration comparable home sales, location, and other factors. Assessed value is not the same as fair market value (what the property could sell for) but is often calculated as a percentage of it.
Allegheny County uses base year methodology to set assessed values. Base year methodology allows similar homes to have similar assessments by eliminating the effect of changing market conditions. Our current base year is 2012 with an effective date of value of January 1, 2012.
Again, there are three (3) different property taxes (County, School and Local). Allegheny County Property taxes are calculated by multiplying the county property assessment by the current millage rate for each specific taxing entity and then adding all three tax bills.
A Certificate of Residence form is required as part of recording all deeds transferring property ownership, or the same information must be included within the deed.
With regular iniums, the unit owner usually owns the internal unit space and a share of the corporation; the corporation owns the exterior of the building land and common area; in the case of a freehold inium the owner owns the land and building and the corporation owns common shared roadways and amenities.
Inium policies help protect your personal property and the interior of your unit. You will also have liability protection for bodily injury or property damage to others. It's easy to get a quote for a inium insurance policy that will provide these coverages.
Your Rights in inium/HOA Disputes in California Here's a comprehensive list of these rights: Right to Access Information: Homeowners in California have the right to access various HOA records. This includes financial statements, meeting minutes, and membership lists, ensuring transparency in the HOA's operations.
As a condo owner, you have the right to peacefully enjoy your home without disturbances from neighbors or community events. This includes protection from excessive noise, disruptive behavior, or other nuisances.