Question:
Does an HOA non-profit pay property taxes on common areas?
– Nancy
Answer:
Hi Nancy,
In general, homeowners associations do pay property taxes. Additionally, HOAs must also pay federal income taxes and file federal tax returns unless the IRS officially recognizes an association as a tax-exempt nonprofit organization. For more information, it is best to consult a tax professional.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
