In my neighborhood, we have a planned community, with houses, condos, townhouses and apartments. I close a LOT of loans in this same neighborhood. I see condo riders on everything except the houses, and then a pud rider on the houses.
I live in a condo, over my neighbor's house. I have a small shared flowerbed space outside, I get assessed on land and building separately as well. I get assessed on land at 1/120th of the total 2.5 acre plot that the 120 units are built on.
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