Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
610.0000 NEWLY CONSTRUCTED PROPERTY
610.0033 Encroaching Improvements. Upon assessment of encroaching improvements, only the new construction is assessed and given a new base year value; the land upon which the improvements lie retains its base year value. Even if the encroaching improvements had been misclassified as "land," the land underlying them would not be assessed to the encroacher upon either the completion of construction or a subsequent change in ownership. C 12/9/1998.