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<br />. <br /> <br />. <br /> <br />\ <br /> <br />Section 19-47. Tax year; time as of which levy and assessment made. <br /> <br />For real property tax purposes, "tax year" shall mean the <br />fiscal year beginning July 1 of each calendar year and ending June <br />30 of the following calendar year. Real property shall be assessed, <br />and taxes shail be levied thereon, as of January 1 preceding each <br />tax year upon the basis of valuations determined in the manner and <br />at the time provided in this chapter. <br />(1981, Ord. No. 613, sec.49.) <br /> <br />Section 19-48. Assessment of property; to whom in general. <br /> <br />Real property shall be assessed in its entirety to the owner <br />thereof[; provided that where improved residential land has been <br />leased for a term of fifteen years or more, the real property shall <br />be assessed in its entirety to the lessee or his successor in <br />interest holding the land for such term under such lease and the <br />lessee or successor in interest shall be deemed the owner of the <br />real property in its entirety for the purpose of this ordinance; <br />provided, however, that the lease and any extension, renewal <br />assignment, or agreement to assign the lease (1) shall have been <br />duly entered into and recorded in the bureau of conveyances or filed <br />in the office of the assistant registrar of the land court prior to <br />January 1 preceding the tax year for which the assessment is made, <br />and (2) shall provide that the lessee shall pay all taxes levied on <br />the property during the term of the lease. <br /> <br />"Improved residential land" as used herein means land improved <br />with a single-family dwelling on it]. <br /> <br />For the purposes of this chapter, life tenants, personal <br />representatives, trustees, guardians, or other fiduciaries may be, <br />and persons holding government property under an agreement for the <br />conveyance of the same to such persons shall be considered as owners <br />during the time any real property is held or controlled by them as <br />such. Lessees holding under any government lease shall be <br />considered as owners during the time any real property is held or <br />controlled by them as such, as more fully provided in section 19-84; <br />and further, notwithstanding any provisions to the contrary in this <br />chapter, any tenant occupying government land, whether such <br />occupancy be on a permit, license, month to month tenancy, or <br />otherwise, shall be considered as owner where such occupancy has <br />continued for a period of one year or more, as more fully provided <br />in section 19-84. Persons holding any real property under an <br />agreement to purchase the same, shall be considered as owners during <br />the time the real property is held or controlled by them as such; <br />provided the agreement to purchase (1) shall have been recorded in <br />the bureau of conveyances, and (2) shall provide that the purchasers <br />shall pay the real property taxes levied on the property. Persons <br />holding any real property under a lease for a term [to last during <br />the lifetime of the 1essee]of ten years or more shall be considered <br />as owners during the time the real property is held or controlled by <br />them as such; provided that the lease (1) shall have been duly <br /> <br />-26- <br />