Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > P > 660.0000 POSSESSORY INTEREST > 660.0265

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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660.0000 POSSESSORY INTEREST

Annotation 660.0265

660.0265 Sale to State. Real property owned by the State of California that is exempt from property taxation under section 3(a) of article XIII of the California Constitution may include possessory interests. Therefore, a post-lien date sale of a possessory interest to the State should result in a cancellation or refund of property taxes on an apportioned basis pursuant to Revenue and Taxation Code sections 5081 through 5091. C 5/9/1988.