California Code of Regulations
Title 18 - Public Revenues
Division 1 - State Board of Equalization-Property Tax (California Department of Tax and Fee Administration - Timber Yield Tax, See Chapter 11)
Chapter 1 - Valuation Principles and Procedures
Section 22 - Continuity of Possessory Interests
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) The continuity of possession or exclusive use necessary to establish a possessory interest will vary according to the location and character of the property. The continuity of use necessary for finding a possessory interest to exist is satisfied when the possessor of the property uses it to substantially the same extent as would an owner engaged in the same activity.
(b) Standards for determining the existence of taxable possessory interests based on continuity are:
1. New section
filed 1-19-71; effective thirtieth day thereafter (Register 71, No.
4).
2. Amendment of NOTE filed 10-26-77; effective thirtieth day
thereafter (Register 77, No. 44).
Note: Authority cited: Section 15606, Government Code. Reference: Sections 107, 107.1 and 107.4, Revenue and Taxation Code.