Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2015
Property Tax Annotations
755.0000 STATE-ASSESSED PROPERTY
755.0125 Transfer to Local Roll. A transfer of a lease that was for an original term of less than 35 years by a state assessee to a non-state assessee requires that the leased property be locally assessed at its 1975 fair market value adjusted by the annual inflation factor. C 8/29/1985.