Real Estate Taxes: I purchased a new condominium but I received a bill for the entire building, what should I pay?

You need to pay the percentage interest of your ownership. This will be found on the individual unit deed you received at the closing. If your mortgage company pays your taxes, you must notify them in writing that you only need to pay percentage interest and send them a copy of your deed. You will not receive an individual bill for your unit for 12-18 months.