499B.11 Real property tax and special assessments — levy on each apartment.
1. All real property taxes and special assessments shall be assessed and levied on each apartment and its respective appurtenant fractional share or percentage of the land, general common elements and limited common elements where applicable as these apartments and appurtenances are separately owned, and not on the entire horizontal property regime. The fair market value determined for an apartment includes the value of its appurtenant share or percentage of the land, general common elements, and limited common elements.
2. Any exemption from taxes that may exist on real property or the ownership thereof shall not be denied by virtue of the registration of the property under the provisions of this chapter.
[C66, 71, 73, 75, 77, 79, 81, §499B.11]
99 Acts, ch 187, §1, 2; 2000 Acts, ch 1142, §3; 2001 Acts, ch 116, §26
Structure Iowa Code
Chapter 499B - HORIZONTAL PROPERTY (CONDOMINIUMS)
Section 499B.3 - Recording of declaration to submit property to regime.
Section 499B.4 - Contents of declaration.
Section 499B.5 - Contents of deeds of apartments.
Section 499B.6 - Copy of the floor plans to be filed.
Section 499B.7 - Interest in common elements — reference to them in instrument.
Section 499B.8 - Removal from provisions of this chapter.
Section 499B.9 - Removal no bar to subsequent resubmission.
Section 499B.10 - Individual apartments and interest in common elements are alienable.
Section 499B.11 - Real property tax and special assessments — levy on each apartment.
Section 499B.12 - Liens against apartments — removal from lien — effect of part payment.
Section 499B.15 - Contents of bylaws.
Section 499B.16 - Disposition of property — destruction or damage.
Section 499B.17 - Lien against owner of unit.
Section 499B.18 - Common expenses before foreclosure.
Section 499B.19 - Common expenses after voluntary conveyance.