Who is responsible for paying taxes on a cooperative property?

In a cooperative property, the responsibility for paying taxes typically lies with the shareholder. This is because cooperative shareholders own shares in the corporation that holds the title to the property, rather than owning the property directly. As part of the agreements governing cooperatives, the property taxes are generally passed through to the shareholders, who pay their pro-rata share based on their ownership percentage. This structure reflects the nature of cooperatives, where members collectively share the financial obligations and benefits associated with the property.

The cooperative corporation itself may manage the funds and handle the payment of the taxes, but it's ultimately the shareholders who bear that obligation. This responsibility aligns with the cooperative's overarching principle of member participation and shared financial responsibility.