§ 64.34.040. Separate interests -- Taxation
(1) If there is any unit owner other than a declarant, each unit that has been created, together with its interest in the common elements, constitutes for all purposes a separate parcel of real property.
(2) If there is any unit owner other than a declarant, each unit together with its interest in the common elements must be separately taxed and assessed.
(3) If a development right has an ascertainable market value, the development right shall constitute a separate parcel of real property for property tax purposes and must be separately taxed and assessed to the declarant.
(4) If there is no unit owner other than a declarant, the real property comprising the condominium may be taxed and assessed in any manner provided by law.
[1992 c 220 § 3; 1989 c 43 § 1-105.]
Sections: Previous 64.34.005 64.34.010 64.34.020 64.34.030 64.34.040 64.34.050 64.34.060 64.34.070 64.34.073 64.34.080 64.34.090 64.34.100 64.34.200 64.34.202 64.34.204 NextLast modified: April 7, 2009