Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
220.0000 CHANGE IN OWNERSHIP
220.0333 Leases. An instrument that creates a lease that "shall not exceed the lifetime of the oldest presently living descendant of Her Majesty Queen Elizabeth, II of England, plus twenty-one (21) years. . . " and ". . . covers and includes all the Lessor's right, title and interest in and to certain patented mining claims...." results in the granting of a life estate and is a change in ownership. C 4/12/1984.