$0 Land Value possible? What depreciation can I use?

[Carlos Perez]

Hi, my first BP question here.

Im looking at a property in the property appraiser website of my county and its showing this property as having $0 land value. The property is a 2nd floor apartment and is part of a condo association.

Main question: Am I allowed to depreciate the full 100% cost of the purchase price given that land assessment is $0? Who pays land taxes in that case?

Second question: The condo association has common area structures such as pool, gym, party room. Am I allowed to depreciate a percentage of those? I would be paying for the "Repair" of those structures through HOA reserves.

Thank you for everything.