What is a Taxable Possessory Interest?
A taxable possessory interest is defined as a possession, a right to the possession, or a claim to a right of the possession of publicly owned real property that is independent, durable, and exclusive of rights held by others, and that provides a private benefit to the possessor. A taxable possessory interest is further defined as the taxable interest held by a private possessor in publicly owned real property.
Possessory Interest Questions and Answers
Facts About Possessory Interest