Q Is the leasehold interest of non-profit operators of a golf course, where the land is owned by a city, subject to ad valorem taxation and, if so, what means and considerations should be taken into consideration in assessing the value of the leasehold interest?

A Where land owned by a city is leased to a non-profit for use as a golf course, the private leasehold interest is taxable by the
county. In assessing the value of the leasehold interest, the tax assessor must determine the true value of the leasehold, based upon the current use of the property. (Attorney Generalís Opinion to White dated May 21, 2010)