The Property Appraiser sets the value on property primarily based on present market value, including buildings and improvements. 3. Such lien may be enforced by sale by the administration body, its agent or lawyer, after failure of the proprietor to pay such an evaluation in accordance with the terms of the declaration of restrictions. Such motion must be licensed by the cooperative or condominium unit house owners by way of a vote of not less than two-thirds of the homeowners of the units aside from models owned by the developer or an affiliate of the developer, and may be brought … Read More...
