lopaw63
New Member
m3 is the same time, I guess this is for both buildings
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I got my letter as well today and it was pretty much what they had told me, the amount I paid during interim-occupancy less about $250. So I called up the Liberty Controller (the person who signed the letter), and basically what he explained to me was that Liberty had already paid a portion of the property taxes to the city on our behalf, and that is what the $250 is. The bill we received is for the remainder of the property taxes owing.
At first that made sense. But then I looked at the actual bill from the city. We are being charged the full 2010 rates prorated for the period we are actually living in our new home. So how can Liberty claim that they paid some of this on our behalf when we are getting a bill for the full amount (the same amount anyone else in the city is paying). There is no credit on our bill for the amount supposedly "already paid" by Liberty.
Needless to say I don't buy a word of their crap story they are telling me and I will be calling back tomorrow for a further explanation or demanding the money that they owe me. I will keep you guys posted.
I checked with my lawyer about this. He got my contract out and reviewed it and explained it to me like this: The building originally gets assessed as unoccupied, and the builder is responsible for the property taxes during the occupancy period at the assessed rate, at the time of occupancy. Eventually, the city realizes that the unit has been occupied since our occupancy date, and the revised tax rate is applied retroactively. The way our contract is written, we are liable any for additional taxes applied from the date of occupancy. So basically, Liberty has no legal obligation to give us anything for the additional occupancy period taxes, and this is stated in the letter they sent us.
For me, the difference between the amount I've been offered from Liberty, and the amount of taxes incurred during the occupancy period is about $80, so I'm pretty happy. I'm certainly not going to fight for an additional $80. Also, I don't know about you guys, but a portion of my mortgage payment goes a property tax fund. The bank has just been holding on to that money until the property taxes are established, and I'm having them pay the taxes from that fund. Before you pay taxes out of your own pocket, check the details of your mortgage, you may have already saved up your property taxes. With the contribution from liberty, and the amount I've already saved through my mortgage, my taxes are covered.
Any electricians lurking this board wanna come take my money to install a ceiling fan?
Spoke with Silvia from liberty...
You do not need to fill in the "Witnessed By" portion, just sign the document yourself and fax it back to them.
“In convenience, you have Mac’s but our plan is flexible. We will go into strip centres. I’ll go on Yonge Street in an office tower or I’ll build out with a gas offering,†said Mr. Barnes, adding Toronto’s booming condominium market is pushing the need for more convenience stores. He’s willing to locate right in some of those new condominium buildings, if he can get the right deal.
Spoke with Silvia from liberty...
You do not need to fill in the "Witnessed By" portion, just sign the document yourself and fax it back to them.
For those who are going to sign mortgage with TD Bank c/o Sherry Love. Think twice first. She assigned me to a very far Vaughan location branch which is very inconvenient to most of us, and to think there is a TD Bank nearby like Bathurst/Sheppard. And the personal banker in that branch don't have time to explain the details of the mortgage agreement. Always in a hurry. . .
Any electricians lurking this board wanna come take my money to install a ceiling fan?