Unbuilt Units In Condo Complex Are Taxable, NJ Court Finds

By Caroline Simson ( August 14, 2015, 3:05 PM EDT) -- A New Jersey appeals court ruled Friday "phantom" units contemplated in a condominium complex that were never constructed are still subject to real estate tax and foreclosure, and while the township that foreclosed on those units is now an owner, it's likely not liable for unpaid assessments....

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