Vermont § 1-105 - Separate titles and taxation
Full text of Vermont Vermont Statutes Online § 1-105 — Separate titles and taxation, with citation guidance and answers to common questions.
§ 1-105. Separate titles and taxation
- (a) In a condominium or planned community: (1) 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; and (2) if there is any unit owner other than a declarant, each unit shall 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; provided, however,
that if a portion of the common elements is located in a town other than the town
in which the unit is located, the town in which the common elements are located may
designate that portion of the common elements within its boundaries as a parcel for
property tax assessment purposes and may tax each unit owner at an appraisal value
pursuant to 32 V.S.A. § 3481. (b) Any portion of the common elements for which the declarant has reserved any development
right shall be separately taxed and assessed against the declarant, and the declarant
alone is liable for payment of those taxes. (c) If there is no unit owner other than a declarant, the real estate comprising a common
interest community may be taxed and assessed in any manner provided by law. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999; amended 2011, No. 143 (Adj. Sess.), § 33, eff. May 15, 2012.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1-105
What does Vermont Statutes Online § 1-105 cover?
Section 1-105 ("Separate titles and taxation") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1-105?
A common citation format is "Vermont Statutes Online § 1-105" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1-105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.