§ 34-36.1-1.05. Separate titles and 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) Any portion of the common elements for which the declarant has reserved any development rights must be separately taxed and assessed against the declarant, and the declarant alone is liable for payment of those taxes.
(d) 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.
History of Section.P.L. 1982, ch. 329, § 2.
Structure Rhode Island General Laws
Chapter 34-36.1 - Condominium Law
Article I - General Provisions
Section 34-36.1-1.01. - Short title.
Section 34-36.1-1.02. - Applicability.
Section 34-36.1-1.03. - Definitions.
Section 34-36.1-1.04. - Variation by agreement.
Section 34-36.1-1.05. - Separate titles and taxation.
Section 34-36.1-1.06. - Applicability of local ordinances, regulations, and building codes.
Section 34-36.1-1.07. - Eminent domain.
Section 34-36.1-1.08. - Supplemental general principles of law applicable.
Section 34-36.1-1.09. - Severability.
Section 34-36.1-1.10. - Unconscionable agreement or term of contract.
Section 34-36.1-1.11. - Obligation of good faith.
Section 34-36.1-1.12. - Remedies to be liberally administered.