11 Guam Code Ann. § 24811
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Terms Used In 11 Guam Code Ann. § 24811
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) The tax collector may sell for lawful United States currency or negotiable paper, tax deeded properties deeded to the Government. Any person, regardless of any prior or existing lien, claim, or interest in such property may purchase such tax deeded properties at said sale.
(b) When parcels, which are unusable because of their size, location, or other condition, are tax deeded to the government, the
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COL 7/27/2023
11 Guam Code Ann. FINANCE & TAXATION
CH. 24 REAL PROPERTY TAX
tax collector may offer the parcel at fair market value to owners of contiguous parcels.
SOURCE: GC § 19394.3 enacted by P.L. 18-015:X:35.