Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > P > 660.0000 POSSESSORY INTEREST > 660.0297

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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660.0000 POSSESSORY INTEREST

Annotation 660.0297

660.0297 Term of Possession. Where a change in ownership of a possessory interest occurs as a result of a sublease, the anticipated term of possession to be used for valuation purposes is that of the lessee/sublessor rather than the sublessee. C 2/28/1994.