the interests to land that has been removed from the county's assessor rolls by the government.Apossessory interest is an outgrant interest usually granted to individuals or companies.
a private interest in tax-exempt land (e
The possession of, or exclusive right to possession of real property. A private party's possessory interest in real property owned by a tax-exempt public agency may be taxable if sufficiently independent, durable and exclusive of the rights held by others.
Property which is for any reason exempt from taxation, but which is leased to or available for use by the taxpayer. Possessory interest situations typically will exist in property that is owned by a government agency or certain charitable organizations. The possessory interest is taxable in the same manner as if the user owned the property.
The taxable, private, beneficial use and enjoyment of nontaxable, publicly owned real property, as defined in Section 104 of the Revenue and Taxation Code and in taxable publicly owned real property subject to the provisions of Sections 3(a), (b) and 11 of Article XIII of the California Constitution.
An assessable right for the private use of tax-exempt land, (property owned by a government agency that is used by a private party(ies)).
Outgrant interests of private corporation and individuals to land that the Federal Government has withdrawn from county assessor's rolls.
