Possessory interests are taxable interests held by persons, based upon their occupancy of publicly owned land.
Section 107 of the California Revenue and Taxation Code and California Code of Regulations Rule 20 et. seq. provide the legal definition of possessory interests. A synopsis of the Section and the Rule states that Possessory Interests in real property exist as a result of the following:
- • A possession of real property that is independent, durable, and exclusive of the rights held by others in the real property, and that provides a private benefit to the possessor, except when coupled with the ownership of a fee simple or life estate in the real property in the same person.
- • A right to the possession of real property, or a claim to a right to the possession of real property that is independent, durable, and exclusive of the rights held by others and that provides a private benefit to the possessor...' or
- • Taxable improvements on tax-exempt land.
If you have more questions please visit our FREQUENTLY ASKED POSSESORY INTERESTS QUESTIONS section.
If you need more information contact the Assessor's office at (442) 265-1300 (8am to 5pm), or visit us at 940 W. Main Street Suite 115 El Centro CA 92240 (8am to 5pm).