{"data":{"id":"us-ak/as-34.08.720","jurisdiction":"us-ak","citation":"AS 34.08.720","heading":"Separate titles and taxation.","body":"(a) In a cooperative, the interest of a unit owner in a unit and its allocated interests is real estate for all purposes, except that the real estate constituting the cooperative shall be assessed and taxed as a whole and the interest of a unit owner may not be separately taxed.\n(b) In a condominium or planned community,\n(1) if there is a 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;\n(2) if there is a unit owner other than a declarant, each unit shall be separately taxed and assessed, and a separate tax or assessment may not be rendered against any common elements for which a declarant has reserved no development rights.\n(c) Any portion of the common elements for which the declarant has reserved a development right shall be separately taxed and assessed against the declarant and the declarant alone is liable for payment of the taxes.\n(d) If there is no unit owner other than a declarant, the real estate comprising the common interest community may be taxed and assessed in any manner provided by law.","path":["Title 34. Property.","Chapter 08. Common Interest Ownership.","Article 5. General Provisions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#34.08.720","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:42Z","sha256":"446696804c1082f213ad493a0a5f621778bba67b956ed8ff3f7ff7b4ad60cde0","source_id":"us-ak","stale":false,"prev":"us-ak/as-34.08.710","next":"us-ak/as-34.08.730"},"notice":"GroundRules: Original legal text. Not legal advice."}