Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > S > 790.0000 SUPPLEMENTAL ASSESSMENT > 790.0100

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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S

790.0000 SUPPLEMENTAL ASSESSMENT

Annotation 790.0100

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.