Omitted Property Law and Legal Definition

The term omitted property has different meanings in different context. It refers to a property which has escaped taxation. [Independent Pipe Line Co. v. State Board of Equalization, 168 Okla. 432 (Okla. 1934)]. It also refers to a property of a decedent omitted in the assessment of inheritance tax. [State v. Brooks, 183 Minn. 251 (Minn. 1931)]. Further, it refers to lands omitted in the original assessment for a local improvement.