11 Guam Code Ann. § 24307
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Terms Used In 11 Guam Code Ann. § 24307
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
In each year other than the year of the five (5) year valuation the assessor shall ascertain the value of all property as of the first Monday in March which shall have become taxable since the last valuation, including new improvements or additions to old improvements, or which shall change in value because of a change in use; and in case of the destruction or injury by fire, flood, typhoon, storm or otherwise, or removal of any improvements of any kind, or of orchards, timber, or ornamental trees, the value of which shall have been included in the former valuation of the
COL 7/27/2023
11 Guam Code Ann. FINANCE & TAXATION
CH. 24 REAL PROPERTY TAX
property, the assessor shall determine the value of such loss and reduce the valuation accordingly.
SOURCE: GC § 19312.2. Amended by P.L. 29-019:VI:39 (Sept. 29,
2007).