Georgia § 44-3-163 - Time-share estate title; recording transfer or encumbrance; taxation.
Full text of Georgia Official Code of Georgia Annotated § 44-3-163 — Time-share estate title; recording transfer or encumbrance; taxation., with citation guidance and answers to common questions.
§ 44-3-163. Time-share estate title; recording transfer or encumbrance; taxation.
A time-share estate is an estate in real property and has the character and incidents of an estate in fee simple at common law or estate for years, if a leasehold, except as expressly modified by this article. This subsection shall supersede any contrary rule at common law. A document transferring or encumbering a time-share estate in real property shall not be rejected for recordation because of the nature or duration of that estate or interest, provided there is compliance with all requirements necessary to make an instrument recordable. For purposes of title, each time-share estate constitutes a separate estate or interest in property. For purposes of local real property taxation, each time-share unit, other than a unit operated for time-share use, shall be valued in the same manner as if such unit were owned by a single taxpayer. The total cumulative purchase price paid by the time-share owners for a unit shall not be utilized by the commissioner of revenue or other local assessing officers as a factor in determining the assessed value of such unit. A unit operated as a time-share use, however, may be assessed the same as other income-producing and investment property. Tax records in a time-share unit shall be in the name of the association or the managing agent. (Code 1981, § 44-3-163 , enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1989, p. 321, § 2; Ga. L. 1995, p. 1260, § 1.) Code Commission notes. - Pursuant to § 28-9-5 , in 1985, in the second sentence of subsection (a) "subsection" was substituted for "rule".
Frequently Asked Questions About Georgia § 44-3-163
What does Official Code of Georgia Annotated § 44-3-163 cover?
Section 44-3-163 ("Time-share estate title; recording transfer or encumbrance; taxation.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 44-3-163?
A common citation format is "Official Code of Georgia Annotated § 44-3-163" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 44-3-163 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.