11 Guam Code Ann. § 24314
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Terms Used In 11 Guam Code Ann. § 24314
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) If any property has escaped assessment in one or more prior years and is owned or claimed by the same person who owned or claimed it during such prior year or years, the assessor shall assess the property at its value on the first Monday in March of every such year.
COL 7/27/2023
11 Guam Code Ann. FINANCE & TAXATION
CH. 24 REAL PROPERTY TAX
(b) Property which has previously escaped assessment shall be treated as property regularly assessed on the roll on which it is entered, but the entry of the assessment shall be followed with “”escaped assessment for year “”.
SOURCE: GC § 19319.
2017 NOTE: Subsection designations added pursuant to authority granted by 1 Guam Code Ann. § 1606.