Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
660.0000 POSSESSORY INTEREST
660.0230 Purchase Price Presumption. While the presumption contained in Revenue and Taxation Code section 110(b) does not apply in valuing possessory interest, there is nothing in the section or elsewhere that would preclude consideration of the purchase price paid for a possessory interest in ascertaining its market value. C 5/10/1989.