47A-21. Units taxed separately.
Each condominium unit and its percentage of undivided interest in the common areas and facilities shall be deemed to be a parcel and shall be separately assessed and taxed by each assessing unit and special district for all types of taxes authorized by law including but not limited to special ad valorem levies and special assessments. Each unit holder shall be liable solely for the amount of taxes against his individual unit and shall not be affected by the consequences resulting from the tax delinquency of other unit holders. Neither the building, the property nor any of the common areas and facilities shall be deemed to be a parcel. (1963, c. 685, s. 21.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 1 - Unit Ownership Act.
§ 47A-2 - Declaration creating unit ownership; recordation.
§ 47A-4 - Property subject to Article.
§ 47A-5 - Nature and incidents of unit ownership.
§ 47A-7 - Common areas and facilities not subject to partition or division.
§ 47A-8 - Use of common areas and facilities.
§ 47A-10 - Compliance with bylaws, regulations and covenants; damages; injunctions.
§ 47A-11 - Unit owners not to jeopardize safety of property or impair easements.
§ 47A-12 - Unit owners to contribute to common expenses; distribution of common profits.
§ 47A-13 - Declaration creating unit ownership; contents; recordation.
§ 47A-14.1 - Deeds conveying units.
§ 47A-16 - Termination of unit ownership; consent of lienholders; recordation of instruments.
§ 47A-17 - Termination of unit ownership; no bar to reestablishment.
§ 47A-18 - Bylaws; annexed to declaration; amendments.
§ 47A-20 - Records of receipts and expenditures; availability for examination; annual audit.
§ 47A-21 - Units taxed separately.
§ 47A-22 - Liens for unpaid common expenses; recordation; priorities; foreclosure.
§ 47A-23 - Liability of grantor and grantee of unit for unpaid common expenses.
§ 47A-24 - Insurance on property; right to insure units.
§ 47A-27 - Zoning regulations governing condominium projects.