---
title: Does condo association need to pay property tax on loan?
description: WThe entire proceeds from the loan went to into maintenance of the units including common area repairs, vendor debts,etc. Does the association now have to pay property taxes on this unit?
---

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# Does condo association need to pay property tax on loan?

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## What do you think? Question:

We are a 42 unit association in Bergen County, NJ. The association owns the super's apartment which it recently took a loan against. The entire proceeds from the loan went to into maintenance of the units including common area repairs, vendor debts, etc... Does the association now have to pay property taxes on this unit?

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## What do you think? Answers (23)

#### What are your thoughts on this topic?

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