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T-West Development Corp.
Building more than buildings
Condo Operating Budget
A vision for the future…
“Success is in the details and in the followthrough”
~ Dave Tissington
Royal Oaks Plaza is a two storey commercial condo building, operating under the budget shown below.
For a PDF copy of the budget, click the icon below
Condo Fee Breakdown
CONDO FEE BREAKDOWN
CONDO CORPORATION No.
Common expenses per square foot of unit area = $3.02
Example of Taxes
Note: Taxes are not included in Condo Fees.
Cost of taxes is calculated by multiplying value of property by the mil rate.
P x (M+S+L) = Yearly Tax
ie. 100,000 divided by 1000x24.7199 = $2471.99/year
P = property value, M=municipal tax S=school L=special levy
Example mil as follows
Municipal = 18.1789
School Tax = 6.4917
Special Levy = 0.0493
Total = $24.719
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