Which type of property is not subject to property taxes in Guam?

Property owned by the government is not subject to property taxes in Guam because governmental entities are exempt from such taxes. This exemption is typically based on the principle that the government does not tax itself, allowing for the efficient delivery of public services without financial burdens from property tax obligations.

In contrast, private residential properties, commercial retail spaces, and investment properties are generally subject to property taxes, as these types of ownership are considered to derive income or provide housing that can be taxed to fund public services. Understanding these distinctions is crucial not only for potential property owners but also for those engaged in real estate transactions and taxation discussions within Guam.