possessory

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Tenants would, however, be required to contribute to the tax rolls by an unspecified amount through a “possessory interest tax” that can be levied on private companies leasing public buildings.

From Los Angeles Times

The fact tenants may need to pay extra for living in subsidized housing centers on an arcane concept in tax law known as possessory interest.

From Los Angeles Times

Though government owned property usually is exempt from property taxes, if the government leases part of its property to a private entity, then that entity can have a “possessory” interest that must be taxed.

From Los Angeles Times

He said the agencies didn’t anticipate tenants would face possessory taxes because at the time they relied on existing guidance from a state board that he argued should be interpreted as exempting any person receiving rent breaks at the projects.

From Los Angeles Times

Last year, several assessors were less sure and specifically asked the state board if such projects created a taxable “possessory interest.”

From Los Angeles Times