Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
790.0000 SUPPLEMENTAL ASSESSMENT
790.0100 Government-Owned Land. The base year value for taxable government-owned property is the lower of the Phillips Factor value or the fair market value as of the date of change in ownership. Because a different value standard is used to determine base year values for taxable government-owned properties, supplemental assessments are not applicable to those properties. C 1/18/2002.