ARS § 33-1204 — United States — Arizona law | Esheria

ARS § 33-1204

When there is a unit owner other than a declarant, each unit is taxed and assessed separately, and common elements cannot be separately taxed or assessed. If the declarant has reserved the right to withdraw common elements, that withdrawn portion is taxed and assessed against the declarant alone. If there is no unit ow

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Jurisdiction
United States — Arizona
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Updated
Official source
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condominium taxation real estate assessment

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Statute overview

About this statute

When there is a unit owner other than a declarant, each unit is taxed and assessed separately, and common elements cannot be separately taxed or assessed. If the declarant has reserved the right to withdraw common elements, that withdrawn portion is taxed and assessed against the declarant alone. If there is no unit owner other than a declarant, the condominium is taxed and assessed as one parcel.