76-829. Unit; separate treatment; taxation.
104 words·~1 min read·
/ne/chapter-76/76-829A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.