The owner of a fallout shelter shall be entitled to an exemption in determining the value thereof for the purpose of assessing real property taxes to the following extent:

(a) The first Seven Hundred Fifty Dollars ($750.00) of the appraised value of improvements, consisting of any structure used as a fallout shelter and any building of which the shelter is a part, and the land on which it is located, the exemption being applied first to improvements and the balance, if any, to the land. The exemption granted herein is in addition to the home exemption provided in § 24402 and nothing herein shall be construed to diminish an owner’s right to such home exemption.

(b) Definitions. As used in this Section.

(1) Fallout shelter means any structure certified by the Director of Civil Defense as meeting the minimum national standards of protection against nuclear fallout.

(2) Owner refers to natural persons, corporations, associations, partnerships, and means any person who is liable for the payment of the real property tax imposed on the fallout shelter.

(3) Appraised value means appraised value as defined in item (f), § 24102.

(c) One exemption shall be allowed to every structure qualifying as a fallout shelter.

(d) Any person claiming an exemption under this Section shall submit to the assessor a certification by the Director of Civil Defense that the structure involved is a fallout shelter.

(e) It shall be the duty of the Director of Civil Defense or his delegate to examine any shelter upon the request of the

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owner thereof and if warranted to certify that said shelter meets the minimum national standards of protection against nuclear fallout.

SOURCE: GC § 19330.7.

2018 NOTE: Subsection designations added/altered pursuant to authority by 1 Guam Code Ann. § 1606.