42-13404

42-13404. Deed restriction on common area
use

A. As a condition for valuation under this article, the subdivider of a residential
subdivision, on approval of the subdivision by the state real estate department pursuant
to title 32, chapter 20, article 4, or the community or homeowners' association that owns
the common area shall record a deed restriction with the county recorder and file a copy
of the restriction with the county assessor restricting the property to use as a common
area.

B. If the property is converted to a different use in violation of the
restrictions, the assessor shall change the classification and revalue the property
according to standard appraisal methods and techniques.

C. The county assessor may consolidate parcel combinations within the same taxing
district if requested by the community or homeowners' association. A community or
homeowners' association may provide a one-time list of common area tracts by parcel
number to the assessor, in a form prescribed by the department of revenue.