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How does the county value land for a condominium?

April 26, 2017condominium County land value

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How does the county value land for a condominium?

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The land value attributed to an individual condominium unit within a multi-unit building is based on the principle of allocation. A percentage of the total land is assigned to the condominium. Usually this is done by dividing the number of square feet of living area of the individual condominium by the total amount of square feet of living area of all condominiums in the building.