                                 CODE OF VIRGINIA

SEPARATE ASSESSMENTS, TITLES, AND TAXATION (§ 55.1-1903)

Except as otherwise provided in this section, each condominium unit constitutes
a separate parcel of real estate. If there is any unit owner other than the
declarant, each unit, together with its common element interest, but excluding
its common element interest in convertible land and in any withdrawable land
within which the declarant has the right to create units or limited common
elements, shall be separately assessed and taxed. Each convertible land and
withdrawable land within which the declarant has the right to create units or
limited common elements shall be separately assessed and taxed against the
declarant.

HISTORY: 1974, c. 416, § 55-79.42; 1986, c. 324; 2019, c. 712.