It depends. This can be handled in several different ways.
In some condominium communities, there is a unit and also a share of common property. In this case, the fair market value might be mostly the unit but a portion for the "land."
If your unit does not have anything on assessments or title that specifies any common property, you can leave the land entry as blank or put in a 0. The reason this is important is that buildings can depreciate and land does not. That is why they break it out by percentage.
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