76-829 Unit; separate treatment; taxation. - Nebraska Statutes

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Statutes > Nebraska > Chapter76 > 76-829

76-829. Unit; separate treatment; taxation.(a) 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 estate.(b) If there is any unit owner other than a declarant, each unit must be separately taxed and assessed, and no separate tax or assessment may be rendered against any common elements for which a declarant has reserved no development rights.(c) If there is no unit owner other than a declarant, the real estate comprising the condominium may be taxed and assessed in any manner provided by law. SourceLaws 1983, LB 433, § 5.

State Codes and Statutes

Statutes > Nebraska > Chapter76 > 76-829

76-829. Unit; separate treatment; taxation.(a) 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 estate.(b) If there is any unit owner other than a declarant, each unit must be separately taxed and assessed, and no separate tax or assessment may be rendered against any common elements for which a declarant has reserved no development rights.(c) If there is no unit owner other than a declarant, the real estate comprising the condominium may be taxed and assessed in any manner provided by law. SourceLaws 1983, LB 433, § 5.

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State Codes and Statutes

Statutes > Nebraska > Chapter76 > 76-829

76-829. Unit; separate treatment; taxation.(a) 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 estate.(b) If there is any unit owner other than a declarant, each unit must be separately taxed and assessed, and no separate tax or assessment may be rendered against any common elements for which a declarant has reserved no development rights.(c) If there is no unit owner other than a declarant, the real estate comprising the condominium may be taxed and assessed in any manner provided by law. SourceLaws 1983, LB 433, § 5.