Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
755.0000 STATE-ASSESSED PROPERTY
755.0023 Foreign Improvements. "Foreign improvements" are those improvements located on land owned by another person. When the land is owned by a state assessee and is sold to another state assessee but no sale of locally-assessed "foreign improvements" occurs, reappraisal of the "foreign improvements" would not be proper because there has been no change in ownership of the improvements. C 7/17/1997.