Chapter 19 – Taxes on Real Property


Who Pays Property Tax?



  • Registered Owner of the interest in the property includes:


o Registered owner of an estate in fee simple

o Registered owner of a life estate

o Registered holder of an Agreement for Sale


  • The owner may or may not be the occupier of the property
  • The registered owner would not have a lease
  • Charities are exempt from paying taxes


Which values are taxed?



  • The value shown on the assessment notice
  • Assessor’s estimate of what market value could sell for
  • Factors that influence the assessor’s decision of what is taxable are:


o Present use

o Location

o Rental or Revenue potential

o Original cost

o Replacement cost

o Selling price

o Obsolescence


  • Classification


o Residential

o Utilities

o Forest Land

o Major Industry

o Light Industry

o Business

o Recreation

o Farm

Get new e-books by email:

There is no form with title: "SEOWP: MailChimp Subscribe Form – Horizontal". Select a new form title if you rename it.

More on digital marketing in our blog

See all posts