Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
860.0040 Preferential Assessment. A vessel exclusively engaged or employed in the taking and possessing of a living resource of the sea, such as oysters, is eligible for preferential assessment, even if not owned by the person doing the taking. A vessel at sea used to facilitate pumping of sea water inland to supply inland oyster beds would also qualify because food (a living resource of the sea) is being brought to the oysters for a commercial purpose. C 8/27/1979.