Summer grazing lease available east of Montague Mar 4, 2008
Leasees are required to provide insurance and are liable for possessory interest tax. The summer lease will provide grazing for no less than 40AUMs and not more than 80 AUMs. (Yreka Siskiyou Daily News, CA)
Airport at odds with local healthcare district on taxes Sep 21, 2007
Possessor property tax applies to hangar renters because the renter has a possessory interest, Hurd said. Renting the hangar has value, he added. (Big Bear Grizzly, CA)
Trash facility before highest court Jun 6, 2007
Thus, the city argues, PTO "had no ownership or possessory interest in 280 Pine St." when it was issued the compliance certificate in February 2003, nor when it filed its notice appeal to the Zoning Board in July 2004. "PTO was not an 'aggrieved party' on July 12, 2004 when its zoning certificate was deemed invalid," the city asserts. (Pawtucket Times, RI)
Public Editor: Arena backers put Bee's columnists in spotlight Sep 3, 2006
As part of the deal, local governments have agreed to pay the possessory interest tax that normally would be paid by the Maloofs. Walters's column placed the value at more than $6 million a year. (Sacramento Bee -- Opinion)
Police union opposes arena measures Aug 31, 2006
And he contended that in the case of a new downtown arena, the city and county would lose $6 million annually in an in-lieu property tax called "possessory interest tax." ... State law mandates that if a public building has a private tenant -- such as the Maloofs -- the possessory interest tax is required instead of a property tax ... Unlike property tax, where the amount is easily determined by calculating 1 percent of the property's worth, figuring the possessory interest tax is more complex. (Sacramento Bee)
Letters: The debate over the arena, etc. Aug 26, 2006
He also failed to explain how he and Roger Dickinson gave away the possessory interest tax, the one possibly redeeming factor out of the whole misbegotten deal. Do the numbers. (Sacramento Bee -- Opinion)
Dan Walters: Possessory interest tax another giveaway in Kings arena deal Aug 11, 2006
The San Jose Sharks, a professional hockey team that plays its home games in the city-owned HP Pavilion, pays several hundred thousand dollars in a year in what's called "possessory interest tax" to local governments. And what, one might ask, is a "possessory interest" ... The Sharks have a long-term lease to use HP Pavilion and therefore must pay the possessory interest tax. (Sacramento Bee -- Politics)
Breaking down the Kings arena deal Aug 4, 2006
Possessory Interest Tax: In lieu of property taxes, the JPA will pay a tax based on the lease value. The yearly amount has not yet been determined. (Sacramento Bee -- Sports)
