{"data":{"id":"us-gu/11-gca-24403","jurisdiction":"us-gu","citation":"11 GCA § 24403","heading":"Definitions.","body":"As used in § 24402 through § 24413:\n(a) “Home” means a building used and occupied by the owner thereof, including outbuildings, and the land on which it is located if such land is owned by the owner of the building.\n(b) “Own” and “owner” refer to ownership in fee simple, including corporations, partnerships, and associations.\n(c) “Owned” and “owner” refer to ownership in fee simple, including a purchaser of a fee under a recorded purchase contract, or a beneficial ownership.\n(d) “Commercial purposes” does not include agricultural purposes, including grazing; or use in connection with fishing.\n(e) “Appraised value” means appraised value as defined in item (f), § 24102.","path":["Title 11: Finance and Taxation","Division 2 - Taxes","Chapter 24: Real Property Tax","ARTICLE 4: EXEMPTIONS"],"source_url":"https://col.guamcourts.gov/sites/default/files/11gc024_Q.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:13:38Z","sha256":"67427823038bfc5d5fc9a22c1667aad4212ecbf88123fcd5d99f861643b178b8","source_id":"us-gu","stale":false,"prev":"us-gu/11-gca-24402","next":"us-gu/11-gca-24404"},"notice":"GroundRules: Original legal text. Not legal advice."}