Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Property Tax Annotations


A    B    C    D    E    F    G    H    I    L    M    N    O    P    R    S    T    U    V    W   

P

660.0000 POSSESSORY INTEREST

Annotation 660.0173

660.0173 Military Privatization Housing. Even though an entity may have title to the improvements, ownership of on-site utilities, a purchase option in the event of a military base closure, and tort liability, the contractual restrictions on control and profitability are sufficient to create a principal/agent relationship between the government and the entity. For this reason, no taxable possessory interest is created because the entity lacks independence. C 9/24/2008.