Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2015
Property Tax Annotations
560.0000 LEASED TO GOVERNMENT
560.0021 Lease-Purchase Contracts. Property used exclusively by a state or local government agency pursuant to a contract that provides for automatic passage of title to the agency on payment of the agreed rentals should be regarded as beneficially owned by the agency (Mayhew Tech Center Phase II v. Sacramento County, 4 Cal.App.4th 497). The constitutional debt limitation on the acquisition of property is not violated by such a contract if its terms do not create a legal obligation to make payments in the future and do terminate the contract upon the failure of the government agency to make payment. C 7/1/1992.