Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Property Tax Annotations
660.0000 POSSESSORY INTEREST
660.0008 Air Rights. Air rights constitute land as defined in Civil Code section 659 and as classified by Property Tax Rule 124. When such rights are leased by a governmental entity to a private person or entity, a taxable possessory interest is created, which results in a change in ownership. C 4/28/1986.