Exemptions: Listed

The following property is exempt from real property taxes and shall not be assessed:

(a)all property title to which is in the United States or the government of Guam, except as authorized in § 60114.1(b) of Article 1 of Chapter 60, Title 21, Guam Code Annotated; except for the interest of a lessee or licensee in land owned and leased or licensed by the Chamorro Land Trust Commission;

(1)Notwithstanding this Subsection (a), taxes shall not be levied against any autonomous agency, public corporation, and other public instrumentalities of the government of Guam with existing leases where a tax levy may affect the revenue neutrality of that autonomous agency, public corporation, and other public instrumentalities of the government of Guam to the potential detriment of existing bond ratings.

(b)all property which 1s being used for public roads or easements;

(c)all property used exclusively for educational, religious, or other eleemosynary purposes;

(d)property included in any cemetery in use as such, and not conducted for profit;

(e)property upon which the provisions of § 61504 of Title 21, Guam Code Annotated prohibit the construction of buildings; and

(f)property used in active farming for at least eight

(8)CH. 24 REAL PROPERTY TAX months in any tax year.