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WHAT IS A TAXABLE POSSESSORY INTEREST?

April 26, 2017Possessory taxable

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WHAT IS A TAXABLE POSSESSORY INTEREST?

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Possessory interest is the private right and use of public land, waterways or improvements for a specified period of time. Examples of private use of public land are commercial rafting operation, grazing rights, airport hangers, marinas or buoys, ski resorts on forest service land, business enterprises on Fair property, employee-occupied residence on forest lands or other government land, etc.