Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Property Tax Annotations


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D

370.0000 DOCUMENTARY TRANSFER TAX ACT

Annotation 370.0005

370.0005 Easements. Easements are subject to the provisions of the Documentary Transfer Tax Act if they potentially may endure for a substantial period of time, such as perpetual easements, easements for life, and easements for a fixed period of years that can be renewed by the easement holders or are of sufficient length so as to approximate perpetual easements or easements for life. OAG 3/1/1979 (No. CV 78-132, Vol. 62, p. 87).