Air Rights Tax Benefits

If you purchase air rights from someone and build a new building on their land, would you pay property taxes on the property? Or would the air rights holder, and therefore property owner, continue to pay those taxes? What is typical?

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2 Comments

logisdics

RE

6y

Ground lease or air rights? The scenario you laid out is a GL.

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Authored by: Certified Real Estate Professional - BrokerCertified Real Estate Pro

Christian12

RE

6y

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Authored by: Certified Real Estate Professional - Assistant Portfolio ManagerCertified Real Estate Pro

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Air Rights Tax Benefits

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Air Rights Tax Benefits

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