Brief Session Description
A possessory interest is created when a for–profit entity leases government owned real estate for private use. Often, that interest becomes taxable, prompting the assessor to estimate its value. Because it is only a partial interest, it can be challenging to assess. The presentation examines how possessory interests are created, how they are valued, and the challenges they pose.
Presentation Category
Real Property Valuation Agricultural, Commercial/Industrial and Residential
Audience Expertise
General Interest (Appropriate for all experience levels.)
Start Date
8-31-2016 3:00 PM
End Date
8-31-2016 4:00 PM
Valuation of Possessory Interest
A possessory interest is created when a for–profit entity leases government owned real estate for private use. Often, that interest becomes taxable, prompting the assessor to estimate its value. Because it is only a partial interest, it can be challenging to assess. The presentation examines how possessory interests are created, how they are valued, and the challenges they pose.
