Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
660.0000 POSSESSORY INTEREST
660.0120 Improvements Constructed on Federal Land. If a lessee (or permittee) of federal land constructs improvements thereon and retains ownership of a fee simple or life estate in the improvements, he does not have a taxable possessory interest in the improvements. If the improvements become the property of the government, however, the lessee has a taxable possessory interest therein. C 9/27/1984.