Madera County Real Estate Appraisers

If you have any questions about possessory taxes contact your local Madera County property Appraisal office to find out more. If you need the leasehold or leased fee estate valued for tax purposes you may need the services of a Certified Madera County real estate Appraiser in your state. All of the appraisers on Appraisal Scout are licensed to perform Madera County property appraisals within your area.

Madera County real estate appraisers are available any day of the week, please use our directory for easy to view appraiser listings throughout the US including Madera County real estate Appraisers.

Madera County Real Estate Appraisals

Possessory Interest

Based on their occupancy of public land, possessory interests are the taxable interests of items in possession on the land.

The Legal Existence of Possessory Interests

A possessory interest is created when an entity rents, leases or holds lands that are owned by the state, federal or local governments.

Examples of Possessory Interests

Here are some examples of typical Possessory interests

Public lands which are occupied by:

- Public lands used for Christmas trees
- Public lands maintaining radio towers
- Promoters at fairgrounds
- Airport hanger buildings
- Backpackers operating on public lands
- Publicly owned buildings used for retail
- Public golf course or pro shop on public lands
- Public racetrack auto concession promoters
- A public school facility operating adult/evening school

The Creation of a Possessory Interest

Governments rent facilities such as golf courses, grazing lands, and public buildings. By a person's occupancy of the public property they need to be taxed because their occupancy prevents the remainder of the owners, who are all of the taxpayers, from occupying land technically owned by them.

Why Publicly Owned Properties are Available for Personal Use.

The major landowners are the Federal, local and state governments. Governments have owned land throughout history. Certain government-owned properties are devoted to the public good, such as airports and fairgrounds. Because of the need for larger scale public endeavors they are created through tax dollars. When someone uses the hanger at the airport, sets up a shop at the fairground or rents space at a public golf course it creates a taxable possessory interest.

How these interests are taxed

Public agencies are exempt from paying property taxes on the property they own under California Law. When an entity, be it a person or public agencies, like a city or county department, leases these public spaces they may, under certain circumstances, acquire a taxable possessory interest in that property. In order to be taxable, the interest must be sufficiently independent, and provide a private benefit of exclusive use beyond mere entry and exit or cash flow. The Madera County Appraisers office my use any or all three approaches to value to determine the taxable amount owed. Adjustments are made to each and only the interest attributed to the possessory estate is used.

Taxes generated by this source are used in conduction with the Madera County property Appraisal taxes. Things such as fire safety, schools, roads, and police are paid for by these types of taxes.