Tax Type
Local Taxes
Property Tax
Description
Condominiums;Separate Assessment
Topic
Local Power to Tax
Local Taxes Discussion
Date Issued
10-11-1974
A condominium may be assessed as a whole provided none of its units has been sold or the assessor may elect to make separate assessments on each unit for tax years following the year in which the master deed is recorded. However, if any unit is sold, separate assessment is required (§ 55-79.42) for the entire condominium.
Attorney General's Opinion