Definition: Property outside the taxing power of a government because of the owning government's sovereign status. Florida study materials distinguish immunity of state and county property from statutory tax exemptions.
Example
A county courthouse illustrates government property traditionally described as immune from local property taxation.
Keep the distinction clear
Do not label all government-related property immune. Municipal property, private leasehold interests, and other arrangements can involve statutory exemptions or taxable interests with specific conditions.
Related terms
Exempt Property · Partially Exempt Property · Ad Valorem
Keep studying
Homestead Exemptions and Property-Tax Math
References: Florida Statutes 196.199: government property exemptions
Pronunciation (US): ih-MYOON PRAH-per-tee (capitals show stress)
Pronunciation reference: Merriam-Webster
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