Taxation of Real Property (Watch)

Taxation of Real Property (Watch)

SB 1386 (Rodriguez, J.) prohibits separate ad valorem taxes or non-ad valorem assessments against land on which a multiple parcel building is located. For the purposes of this section, “multiple parcel buildings” means a building, other than a condominium, timeshare, or cooperative, which contains separate parcels that are vertically located, in whole or in part, on or over the same land. (Hughes)