§36A-7-1. Assessments and taxes.
Each unit and its proportionate undivided interest in the
common elements as determined by the declaration and any
amendments thereof shall be assessed and taxed for all purposes
as a separate parcel of real estate entirely independent of the
building or property of which the unit is a part. Neither the
building, the property nor any of the common elements shall be
assessed or taxed separately after the declaration and
declaration plan are recorded, nor shall the same be subject to
assessment or taxation, except as the units and their
proportionate undivided interests in the common elements are
assessed and taxed pursuant to the provisions of this section.