CHAPTER V- Common Profits, Common Expenses and Other Matters, Section 22 Separate assessments

Each apartment and the percentage of undivided interest in the common areas and facilities of the owner shall be deemed to be separate property for property tax assessment.

For this purpose a local authority shall make suitable regulations to carry out the provisions of this section. Neither the multi-storeyed building nor the property nor the common areas and facilities, shall be deemed to be separate properties for the purpose of the levy of such taxes.