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STATE OF CALIFORNIA EILLY

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STATE OF CALIFORNIA EILLY
STATE OF CALIFORNIA
EILLY
First District, San Francisco
1020 N STREET, SACRAMENTO,
(P-0. BOX 1799, SACRAMENTO,
CALIFORNIA
CALIFORNIA
ERNEST J. DRONENBURG. JR.
Second District, San Diego
95808)
WILLIAM M. BENNETT
Third District, SCIII Rafael
i 916/445-6479
RICHARD NEVINS
Fourth District, Pascldena
July
KENNETH CGRY
contror1er, Sacrmnento
24, 1979
DOUGLAS D. BELL
Fxecufive Secrsfary
79/125
TO COUNTYASSESSORS, COUNTYCOUNSELS,
ASSESSMENTAPPEALS BOARDSAND OTHER
INTERESTED PARTIES;
PROPERTYTAX RULES 460-467 8 469-471
Enclosed are drafts of proposed amendments to Property Tax Rules
460-467 and 469-471 to conform the language of the rules to
the provisions
of Assembly Bill 1488.
On August 1, 1979, at 3:30 p.m. the Board will
consider
adoption
of these amendments on an emergency basis.
Limited discussion
of the rules may occur at that time.
However, a public hearing
will be scheduled for a later date.
If you have any questions or comments regarding
these proposed
amendments, please contact James J. Delaney, Chief Counsel, at
this address (telephone
916/445-4380).
Sincerely,,
Giiikk&F
Calendar
JM/k
Clerk
1
)’ -. -0%
1
,
7/20/79
.
.
5,
Rule No. 460.
(a)
(Cal.
Sections
provide
for
for
1 and 2,0f
real property
by reference
The foil
XIII
taxable
to reflect
taxes
and a procedure
value
of locally
full
assessed
cash value
the inflation
rate
which
not
per year.
owing definitions
terms in the rules
A of the Constitution
to a base year
annually
to exceed two percent
XIII
on property
the current
is then modified
(b)
Article
a limitation
establishing
GENEmI,
Adm. Code)
pertaining
govern
the construction
to Sections
of the
1 and 2 of Article
A.
.
CE
(1)
the original
which
real
The assessment
BASE YEAR.
base year.
or a portion
property,
newly constructed,
Thereafter,
or a portion
(2)
i.he full
serves
as
year
in
thereof,
value
is purchased,
shall
for
is
become the base
such real
prop-
thereof.
FULL CASH VALUE.
(A)
The full
cash value
Ufti33 cash vaZt2e~ as $e$&ned
and
1975-76
any assessment
or changes ownership
year used in determining
erty,
year
CPaxatian Code57 as
of:
of real
in Gectien
438
property
es
means Chc
Che ~evenae
Y/20/73
The l&en dahe &R ag75-r fer
1.
0
59X-767
er "full
11011 of
-as defined -in Section Aas of the lien date 1975 for
Code, --_I----
cash value"
--the Revenue and Taxation
properties
a 1975-76 base year,
with
-c
2.
The "full
ship
is purchased,
after
shall
when such real
property,
(B)
te Geetim
priate
If
real
be determined
the full
to its
date.
Uen
thereof,
of which
the date
is purchased,
than
July
full
cash value
Such reappraisals
is
ptirtetiaa*
for
appro-
shall
the appro-
may be made at any
of Section
405.6 of the'
values
must
1, 1980.
Restricted
cash value
authorized
FULL VALUE.
cash value
full
Code but 1975-76 base year
RESTRICTED VALUE.
other
then the assessor
the provisions
[email protected]
or by statute
D
(4)
cash value
has not been appraised
cash value,
Revenue and Taxation
tion
property
full
notwithstanding
standard
or changes owner-
date next succeeding
or portion
such property
base year
(3)
the full
such real
$85~5 ef the Aetrentie artd pla%atPen &Me to its
reappraise
time,
Code as of the date
-I_--
-in Section
or changes ownership.
base year
priate
date,
on the lien
newly constructed,
-as defined
is newly constructed,
the 1975 lien
be enrolled
or
-
cash value"
110 of the Revenue and Taxation
--Property
&he base yeas
value
means a value
prescribed
by the Constitu-
by the Constitution.
c
~~11 value
or the restricted
-2-
(appraised
value.
value)
means either
4
7/20/79
l
(5)
full
For each lien
'INFL;4TION RATE.
date in which
value
percentage
the base year
of real
property
full
value
shall
change in cost of living,
shall
the taxable
(6)
full
not reflect
value
value
adjusted
law w-p-,.
or the full
is less.
-f?+
the 3:ien
Taxable
value
any given
eP red
prepeuty
date $0~ wh&eh tke r&2
tions
calculated
prescribed
in accordance
by Section
to reflect
in Section
that
such
of
date.
means the base year
date as required
date,
by
whichever
apprepri&te&y
is being
tax rate
the ad valorem
1 of Article
XIII
A o
Constitution.
~~~-
indexed
prepared:
The property
with
-3-
the
Fka&3 eaek v&:tie base meafls
FBE& GASH VAM3E BA6Er
[email protected] (7) PROPERTYTAX RATE.
rate
lien
value-- -___-___
for the same lien
the baee year v&tie
the
in excess of 2 percent
lien
for
is determined,
Code; provided
of the preceding
TAXABLE VALUE.
the lien
as defined
an increase
/pJpfj
date after
be modified
2212 of the Revenue and Taxation
value
&j
--
is the
tax limitathe
te
b
fl.
f?
&
7/20/79
Rule No. 461.
(a)
(Cal.
Section
provides
2 of Article
that
real
sion
for
(Section
462) after
any transfer
therefrom
shall
be reappraised
base year.
wkPek
term is defined
eenstitutes
srcgard3ess
an interest
shai3
ef 8reat;h-h
(b)
Unless otherwise
erty
which was not subject
immediately
following
(c)
The prior
tion
thereof,
year
Artiek
eedc~ ij
as fts
for
at full
enned prepeP
the
83
the
regarded
Sach
of the interest-;
fn33 va3ne as of the
in this
or additional
interest
X3*Z
23 fb+ af this
to valuation
be appraised
in the
and pthdic~y
interest
of the per&d
thereof,
ef a pr&vate
8C
is
excluded
pe33e39ef-y
provided
such as newly discovered
23
a
be apsraiscd
da&
shall
6eetien
in Sect&a:
as a purchase
preperty
enned
included
or specifically
The ereatien
462.
occurs
posses-
or portion
than a transfer
erty sub3eet te tax mdcr
Wmsthatien7
purchased,
A purchase
property,
of change of ownership
pd&&e%pi
if
to the use, occupancy,
of real
other
by Section
Constitution
463) or a change in ownership
a prendre
in nerttexab3.e
reserves,
A of the California
or right
a consideration,
definition
REAL PROPERTY
the original
of title
or profit
XIII
property
newly constructed
(Section
Adm. Code)
chapter,
real
in any prior
proved
value
oil
prop-
base year,
and g&s
on the lien
date
discovery.
taxable
physically
value
of real
property,
removed from the site
-4-
shall
.
or porbe
t:’2 ;jpp-=p=
5
t-1
‘..g
j,‘+
$3
/*:
’ ; i.*.’
d
‘c
1
&J
I!‘-‘-‘t
‘v
“1:
.f
k
:
”
s-5
1;.
*:
p.
B; b ;zi$ <,
Ly;.;;a
a -p :1
7/20/73
i
deducted
that
from the nroperty's
prior
such net taxak%e value
shall
year taxable
d
value,
provided
The
not be less than zero.
adjusted -to reflect
the pernet
shall be
-- value
_II
-- appro.priatcly
and then compared -to the
centagc change -in -the -cost -of living
-current ----lien date full value -to determine taxahle value.
(d)
For tile tax 1Tear 197 9-80 and tax years thereafter
assessor
year's
shall
prepare
taxable
date
full
-preperty
value
value,
an assessment roll
annual
eaw3&3g
the assessor
of
-- all
in value
fae&ers
to I3e 3ess than its
such rolls
reappraisal
Declines
indexed or
the current lien
- -is less the ful& eftsh va3uc kase of
--
Cs t=ef&eet
fa33 va3ae of pralpcrty
In preparing
the prior
appropriately
whichever
a+jusCed
containing
the
will
assessable
be determined
&he
&ken
etlrre&
fu33 cash va&uc base.
is not recruired
to
an
make
nroperty.
by comparing
the current
lien date full
value of the appraisal
unit 8s 8f the %&en da*e
-to the f&3 cash v&tat base of the se-me unity -_e_
to the iridexed
base year
date.
full
Land and
when measuring
land
value
shall
subsection
im&ements
declines
constitute
fixtures
as improvements
When the current
of
the same unit
---I__-constitute
in value
a separate
and other
constitute
full
value
for
the current
an appraisal
caused by disaster,
For purposes
unit.
machinery
a separate
of property
cash vet?ue bnse base
year _I_-full value
--5-
and equipment
appraisal
is less
indexed
lien
unit
except
in which case
of this
classified
unit.
than its
9~33.
to the current
--
1 i
I.
,I
-. ’
.a. .
7/20/?9
L9+
lien
date,
the full
ta%able v value
shall
value
by a misfortune
or calamity
at its
ment,
lien
of real
shall
former
on the lien
value
year v&t~.
damaged or destroyed
is to be adjusted
Code.
date
i 1: :(
#I
,,I’\
‘\
.
,.e-‘,’
.dj
I,!
as the current
a new &se
property
the Revenue and Taxation
the assessor
it
be enrolled
and ska43 constitute
(e) The taxable
with
c
value
, _;
1’ ‘; : f
: 1 p,
.
*,
’ :’ - 5“ ’’ . i’
k.,i
;. ‘?
If
in accordance
the property
following
plus 'the appropriate
is restored,
restoration
inflation
enroll
adjust-
unless:
1.
The full
date
is less
value
of the restored
property
eetsh vahe
than the f&3
base indexed
year
ful1. value in which case the lotm'value
-as the new base year value, or
2.
It
is determined
in which case the property's
in Section
that
ncv? construction
value
463.
-6-
shall
as of the
shall
'
baS2
be enrolled
has occurred
be enrolled
as provided
[ $I
[*.j
Li
i:
t::i
i’ 1
.
-.
,
. .I,
‘*
7/20/79
Rule No. 462.
I
There shall
(Cal.
be a reappraisal
the change in ownership
establish
lien
of real
of that
a new base year full
date following
CHANGEIN OWNERSHIP.
Adm. Code)
property
The reappraisal
property.
value
as of the date of
and will
will
be enrolled
on the
the change in ownership.
is a
in real property
occurs when there --including
the
transfer
of a present interest
in the property,
--the value of
which is substantially
right to beneficial
use thereof,
-_L_s
--
A, "change in ownership"
Fxcept as otherwise
proof the fee interest.
-II_section,
"change in ownership"
refers to all trans-
Fqual -to -the value
e-.
vided
fers
in this
Of
of law,
-_I_
addition
ether
property,
whether
voluntary,
by grant,
deviser
inheritance,
or deletion
involuntary
of an owner7 property
change Pn the methed af haM&ng
0Y fhdkantcry
trust
transfer
tit&c?
0~ by epcratien
in this
or
-- a portion
quiring
This
sions
of the full
thereof
reappraisal
includes
defined
of sale,
sett&ement7
er deny
whether
by ve&tintary
Ei
other
--
not involving
from the term "transfer"
meansa
as used
section,
(a) A transfer
0
is excluded
contract
af 3:aw
A change in the name of an owner of property
change in ownership
or by operation
Code, units
to land and/or
improvements
by any means is a change in ownership
of the property
transfers
in Section
fee title
of units
or
thereof
transferred.
- portion
in planned developments as
11003 and 3-1003.1 of the Business
in cooperative
-~ -;lr
re-
housing
developments
- ---
and Profescontrolled
-
- = ~~._
.
’
q $ p;
/I$
.
y ;,jr: p :‘3 ; :y;; .
- , L.., i.1;
“* k& $f .’k !.,
4
\F k
iz
i.. ’ *“:G
7/'20/73
6
by cooperative
housing
corporations
19265 of the Revenue and Taxation
defined
If
in Section
a &it
or lot
community
within
apartment
center,
mereial,
or industrial
in this
defined
the
share
unit
park,
land
is purchased
facilities
in
or lots
The transfer
shall
fn the entire
-Ch+ 43) ad
44r)
k;ke
&A P
iin ~waerskip
&aaeZss*eQ~
or lot
common areas
as
transferred
as an appurtenance
interest
a change of ownership
6katJge
CORI-
and
of such
be reappraised.
of an undivided
Wkih
residential,
changes ownership
the unit
reserved
development,
complex with
or otherwise
the common area
corporatfon,
planned
or other
subdivision
only
section,
housing
condominium,
industrial
.
.J
as
Code.
a cooperative
project,
in Section
Code and condominiums
783 of the Civil
shopping
,- or
as defined
bGU36hF
in property
prepc~ity
0s
I
dhddd
Qa;Ly i&I the preparty
does not constitut'e
eneept
CLSp~atrided
dAt0S66k
0s pertba
&n
666Uh6
&kGWi&
if:
(1) The transfer
-is between or among co-owners and results
min a change I-in the method of
but
- holding title
-Pm does not result
-in a change -to the prop rtional
interests
held by the co-owners
-prior
to the transfer,
--
such as a partition
---
of
-- a tenancyin
common,
or
l
(2) The transfer
mterest
and'after
of
-- the joint
creates
or
- transfers
such creation
or
- transfer
tenants.
-8-
any joint
tenancy
the transferor
in-
is one
-m
8h
b
creates
II
1
,
.A
‘.
:
i.,
r:
:: XI ‘,,
7/20/79
--(3) The transfer
j>et\;cen spouses.
,
:.
or
- transfers
.I
:
‘:
i
~ , . ‘i
c
I marriage
a co-ort%r's
agreement or decree or dissolution
or legal
that
tably
All
/
underline
terminates
or an interest
briginally
joint
therein
placed
in property
tenancy
presumlkion
March I,
it
or entityfies)
It
tenancy.
shall
tJlat each joint
received
is not applicaSle
be rehut-
tenant
holding
placed
to joint
an
in
This
on termination.
tenancies
created
after
interest
of less
than five
is of an undivided
Transfers
during
any assessment year to a nerson(s),
interest
interests
of the property
that
prior
in the property
the purpose of determining
the accumulated
to the present
shall
the percentage
transferred
represented
total
transfer
be accumulated
Vhen
transferred.
5% or more, only
by the accumulated
that
interests
be reappraised.
(b) A transfer
(c)
in joint
the interest
held an ownership
shall
and returns
to the person(s)
than a spouse, or entities
portion
a
1375.
percent.
other
tenancy
of equitable
The creation,
possessory
interest
title
renet:al,sublease,
is a change in ownership.
or assignment
in tax exempt real
--
-9-
property
of a taxable
for
;4
,-*
2’.
‘n..
b(
:.
., ,a*
in com--
of a
as of Narch 1, 1975, originally
(6) The transfer
for
a joint
presumed by the assessor
interest
:
‘s
. :I
3
separation.
(5) The transfer
property
‘?
.I
%%@&%!s$' '>
(4) The transfer
terminates
a joint tenancy or
- tenancy
_Ij mon but is to a spouse or former spouse in connection with
settlement
L
.
.
1
property
:’
’
any -term is
;.
, ;
.’ ,.
*.
..
a- change -in ownership except x.lhen
tile interest,
whether an
- estate
-is created -by a reservationin
for years or an estate --mm
for life,
we
--Ian
the 1>roncrt\I to a tax exempt governmental
----XL--- instrument dceding
entity.
fe+ --(cl!> The creation,
the riqbt to beneficial
real
property
of
-or termination
of taxable or nontaxable
use and possession
and the transfer
leased propcrtl
6~ assiqnnent
suLleaseL
constitutes
of the lessor's
interest
a change in ownership
in any
of rearf property
or not as follows:
(1) The creation7
ifttespest
aub~case or usaiqnment
af a taxaHe
passessery
8~ e6 a &ease itl rea& p193perksprSer a Germ 6~ the remaziader
ef a term iR eneess & &4 pleaps is a ekalsqe in earnerskip
&-the
iaCeree*
&=aR&e%=re& -of a leasehold interest
in real nronerty
for
--A
a term of 35 years or
of a leasehold interest
------- more or the transfer
-with
a remaining term
of a
--mm of 35 years or
-p-mmore or the termination
leasehold
interest
which -had an original
is a chanqe -in owenrship.
--
term of 35 years or
---- more
The calculation
section
shall
of
term of a lease for
-- the -----include written
renewal options.
(2) The ereatian
sublease
OF &es3 in t!axab&e pFepe&y
property
renewal
original
or assignment
purposes
of
-- this
af u $tase far
&:8-years
of
-- a leasehold interest
-in taxable
term of less than 35 years, including
_---s
with
a remajning
-options,
is not a change in ownership7
term of the lease.
Pm-
-lO-
reqardless--v of the
.
(3) The transfer
eP the
&ease
remaining
:z i yl i;:‘\ 1%
,. 1 i 1
..!j /fi\ ,,:::j &{
-d
4 2, k;” 23
1ti2 ;
7/20/7Q
&I
of a lessor's
real
taxable
including
term,
interest
property
renewal
rcyard?ess
subject
options,
of the term
with
--to a lease --
of
--I__-less
a
than 35 years
is a change in ownership.
L
fat
Fhc
trQm~fclT
sahjeet
of
an3y to trhe extent
skip
u
3ease
ef IZ 3caaarPs
for
36
years
af the cnt?irc
&ea~eh&d
$3 e ek!tnge
of the rcversianary
or
property
interest
&es3
is
ct ehmgc
in
stll3j~Ct
anner-
ine&%dSng the
transherrcd7
af h &esaar~s
interest
te ene er mere Xeaacs Sn cxeegs &
mere 3eases af &tB years
te Che extent
5n the preperty
16 years
in pYapcPty
intercet;.
fe+ 9'ke transfer
&lip
in prepcrty
transferred7
fb+ !Fhc trmafcr
to
-+5 ilstePest
to a &east kn cKee35 af &6 years
in awncrsl~fp
&ntcreat
zp &csae,
af the rcvera4enary
strbjeet
to the
the &easchald
The transfer
Sn eHee354 af
of the prapcrty
3BIYjCct to the $case-fs+ af 39 years
Sn ewner-
interest-b+
&easefs+
intcrcstfs+
skib+et
561 yeara end enLe er
er &ees is a change
end ta the extent
ine&tidGng
Sn pra~crty
ipt
the
transfcrrcdp
prepcrty
or &Csss
of
lessor's
interest
-in taxable real
- -a -property
subject -to multiple
leases, one
me---or more of
which is for a period
and one
-_I_------e---- of less than 35 years a-
-ll-
*
$
*
;d
7/20/79
or
more of which is for a period -of 35 years or
--s---m
is a chance of ownershin only -to the extent
more, -of
--
the
subject
property
to a lease(s)
--
of
v-- less
than
35 years.
mter
e
Canab&c
pa33c33ar~
e* 6e&en
fd+
ef the term af passess&an
Pke determination
23 ef
interest
she131
I33
*a
e &case
the
pratrfstana
41
eadc7
this
(e) Foreclosure.
(1) Morigage
a sufficfe.k
or deed of trust
foreclosed
in ownership
change
(A) After
the period
(B) Upon redemption
debtor's
of redemption
(2.)
Deed of t rust
reappraisal
after
(3) A, transfer
action
has passed and property
or
when title
successor
by judicial
only:
has not been redeemed,
sale
psraaant
far
vests
in the original
in interest.
foreclosed
by trustee's
sale shall
cause a
the sale has taken place.
by a trustor
in lieu
of a trustee's
foreclosure
a chanqe -in ownership.
constitutes
fc+ Tax deed end tan m&rev A ten e&e 4x3 the state w&U net eaufm
reeppreiee%~
But e s&e
eauae PeappraieaL
sriyimkh
by the &ate
We reappmkiea&
ewner redeeme Irem the state
frem the state-12-
eg
tex-deeded
w&M take pkae
properky
wketker
w&U
the
eE a mw ewRoP pwrakases
is
.
.
.
I
._
-A
.
@ 1;
jj,J /q E&;
{
::::,: s:: J$ ;.T;.ki ff ,
CL ., d.
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i sk
?/20,/'79
4s) rzatas Vb?O% fa3a%e;s A skaago in QmQrekip
ere&ien
e&p eat4 4he 4kww3fee 0g se&
QT. Prrev0ealAe
4&e CPUS~ By &he Cme4es eenet&Bukee
eS a peeeedenb
tu4clre
4x9,
a ~ev0eakS.e
a ekangs ia ewne~skb+
A
deee reek m3ekwT kewevePr apent Cke eaeeaC&en
ia4erea4
it&era34
fre]~e~4y
7 Cke T%ve%a4&ea e&
GPmB&ar&qr
&~+%eesf:
v&vea 4~~34~
change &a ewneml&p
06CUTE upou tzao
wkiek
enCibhca
the ewnek a4 w&i4 was e
p~~aees&en and en+y3rietttt 0g suck
4e 4ke EmediaCe
sea& pPepPkyr
(f)
Transfers
resulting
from
t.ZiX
delinquency.
Transfers
& the
sale to or deed to the state and redemption 2 the former assessee
-w--wshall not
However. fi
-- be considered -as chanqes -in ownership.
sale & the state whether -to the original
owner or
a new owner
-- to -& 5 change -in ownership requirinq
reappraisal
as of the date
of
s-m
-the sale,
f#?+ cs> Trusts
real
property
transfer
--- creation
to a trust
--
g&
--(19 The transfer
termination.
is a change in ownership
--
of
at
---- the time of
unless:
-_I_-- or the transferor's
--(A) The transferor
present beneficiary
of
I_- the trust,
--(B) The trust -is revocable,
(C) The transferor
retains
mffcial
g
interest(s)
-13-
or
-
0~
the reversion
created
duration,
spouse -is the
and the bene---
does
not exceed_ 12 years
III-
.
7/20/73
(D9 The exemption
m--(E)
afforded
interspousal
transfers
applies.
The transfer
is from one trust to another mand meets
v-m-the requirements
of (A), -m
(B9 8 (C9 z (D).
(29 The termination
of
thereof
constitutes
-m
-- a trust or portion
& change & ownership unless: --(A) the ---mmtrust was for less than 12
years duration
e
on termination
the property
reverts
to
-m the
trustor
spouse or (B) the exemption
or
-e the trustor's
Ilnterspousal
transfers
afforded
applies.
+g+ (h) Partnership.
Real property
a St&t+d
.
purchase
or which is acquired,
by
aa partnership
by the partnership
is a change in owner-
er g&n%& .
or dherwise,
ship of SG"? real
the property
name of
5 partnership
The transfer
constitutes
ekig
0s tke pa&aerekip
a
pwnershin
addition
b
unless
:
Ckere&9ral
partnership
propetty
02 entity
p3?eperCy
is
ewned
akwl any a&SC&en 0s
a change Pn ewnes-
eeneC&CuCae
The purchase
or transfer
partnership(s),
in a
--
or deletion
reference
in real
--
person
Partnership
rea4 pepet?Cyp
interest(s)
(i1 Corporations.
stock(s)
or any other
to
or in the
or without
interest
es Ce53aPIeisin parCRership
eP a perhnerV
of
-- an ownership
e.q.&
af 9
a change in ownership.
by the Parkners
ilehtien
to
-- a partner
with
partners#
to'&thW
the title
of whether
the name of the partnership
one or more individual
to the partnership.
&
regardless
property,
is he!.d in
which is contributed
of partners,
is not a chancre &
---
gropertv.
(1) The purchase
-m
is
not a change &
-m-
ownership
or transfer
&
corps rate
l
e
corporate
property
'
The stock ---is in a cooperative
housing corporation,
of the Revenue and
-as defined -in Sectiori 1.7265 -Taxation Code, --and the transfer
conveys -the exelusive
right
to occupancy g
or a portion
--
thereof,
corporate
property
or
-
One corporation
as the result of one or multiple
--___I---transfers
obtains control -of more ---than 50% of the
voting stock, exclusive-- of any shares owned by
directors,
-of another
corporation.
of
between op amonq affiliated
-- real property
reorgaincluding
those made
to achieve a corporate
-_I
(2) Transfers
corporations,
nization
& merqer or
- consolidation
shall
not_ be
-- a change of owner-
'
ship if:
The votin.2
(A) --
stock
of
-I the corporation
makinq the transfer
and the voting stock af tfie transferee
corporation
are each
--owned 100% by a corporation
related
by voting stock
ownership
(B)
to a common parent;
--
The common parent
voting
stock
02 chains
corporation
of
-- at least
of
- related
ed
1\
I
owns directly
one corporation
corporations.
Simple
r-
and
example
100%
-vv of the
in the chain
-m-
‘, *.
.a” ..,‘f
& 1 :q
.‘Ji
$aa
.:I.
v;
!;4
:, I?‘;i
..a;
.
:
5:
1
y1 :;> .i$ .J--‘1
i-f, i:
h‘a
7,'20/79
A transfe-r'
other
three
a transfer
wholly
of real
property
corporations
e.g.,
owned by A and B to B which is
.
owned by A and P would not be a change in ownership because
and the fact
z
transfer
P owns 100% of A.
02 stock
or membership
certifi-
in a- housing cooperative
is not a change in ownership pros-e
-?5
the cooperative
was financed under one mortqage, was
in--
sured under Section
a
[
1
by C which is wholly
(3) The purchase
mvided
‘;
\
by P, A, B, or C to any of the
would not be a change in ownership,
of those relationships
cates
;qt
202, 213, 221(d) (31, 221 (d)(4),
or
--s 236 of
the National
tiousing Act, as amended, or
- was financed & a, direct
loan from tie California
and the Regulatory
Uousing Finance Agency _L---a
and Occupancy Asreements were approved by the respective
insuring.
or lendinq
(j,
agency.
Interspousal
of Sections
shall
460 throuqh
not include
limited
transfers.
3
471 of this
--II_-interspousal
code,
a change &
transfer,
includinq,
provision
ownership
but
II-- not
to:
J3.J Transfers
to 5 trustee
for the beneficial
use_ of 5 spouse,
-spouse of 5 deceased transferor,
0~ by 5
or
-- the surviving
trustee -- of -such a trust-to -(2)
anv other
t?otwithstanding
Transfers
which take
---
effect
the spouse of
s- the trustor,
upon the death
(3) Transf ers tc, a, spouse br former
-16-
youse
of
-- a spousd;
in connection
with
.
r-i
.3
L.: 6,
@ c.
IL+* Z’.
.I
‘:. .’ ‘i#
t -i ‘f
7/20/79
,
s property
settlement
of a marriage
--
agreement
-or legal
or
- decree
separation,
spouses,
solely
transfer,
The following
do not constitute
transfers
of
- dissolution
-or
or
- termination,
interest.
af any co-owner's
The creation,
/&.,:
;:‘;j
p :;’
;-$[
--y.;\
!, . ;;a.:‘;;#j bI
between
a change of
ownership:
(1) The transfer
inters?aasaS
manftp
f3+
inva&ntary
Any t ransfer
At1y trmlt:fc?r
the right
rjaint
to an existing
of
or trust
of
assessee
a
trustee
instrument.
whether
tenants
or by apcratian
title
or reconveyance
among
or
u cam-
kitcrest-;
caused by the substitution
between
of perfecting
(4)
tenancy
er trerminate
to the terms of a security
v&untaryp
359 (3)
to create
or joint
(2) Any transfer
-44+ My transfer
w
transfer
praperty
pursuant
title.
of bare legal
iaw~
for
the purpose
to the property.
ronultlk~q
III
of a security
to immediate
use,
tlte
vrcatlrm,
~i3fJiqnnsmt,
interest
not coupled
occupancy,
possession
with
or
profits.
$3+ Any transfer
tith
wh5eh
ene?usiva
property
of steek
vested
wilth &ege?
net convey ta the transferee-b+
doa2
r$gkt
of et earparatian
to aeetq5anegr and
or portion
thereof?
-17-
passessian
the
of
the rca&
I
-..
p
1
k
3 t 11 j;;-.;:g :q
I *.*/ L3; ::,
1.;*I $.$ ::::;
8.i $/ 1, . ,.4:
c4:, a.:.j
$j*2& E; x-i- &fg
7/20/79
(5)
6,;
FB
$2
pj
O.
,
IF,
i
d
-to
spouse or
transferor,
I_----both of them an
When
such reserved
estate for years or
--- an estate for life.
estates both terminate
and if the provisions
of
-- this
--Any transfer
section
relating
not provide
whose terms reserve
be -an instrument
the transferor's
to trusts
otherwise,
and interspousal
transfers
a change_ & ownership
shall
do
-be
deemed I_to have occurred.
(6)
AnAnpurchase,
redemption
02 other
transfer
of
-- the shares
or
of a group trust,
pooled fund,
- units of participation
investment fund
cornmo:~ trust fund, or
- other collective
es*.ilished
by a financial
institution.
(7)
A"$n contribution
of real property
to an employee benefit
--plan or
vesting,
transfer,
distribution
2,~
-- the creation,
termination
of a participant's
or
interest
- beneficiary's
-in
-_I_-such a plan.
1meaning ascribed
Security
-fi+ 11,
Date
to them &
-Act
of 1974.
--
as
the following
dates
=fh+ G&es7
have the
-Retirement
Income
.
For purposes
of the date of change in ownership
shall
F&-date
an escrem
contra&
shall
the =loyee
of change in ownership.
reaL2property
in
The terms used herein
of
reappraising
of real
property,
be used:
all
instr~eti~ens
part&c+
or the &ate the
of sa?e have been
-18-
met?
c~sentia&
have been melt
e&emcnCs-af
a
.
p
j,Q
I i j$
!:,;;
.j &.,”p.!A.$
7/20/?9
.
3n the
went
tained7
the
(1)
dates cannot
be aseer-
change 519 ennarship
sha&& be the
date
af
the
deed ew sPmi~:ar
the
of either
tran5fcp
Sales.
(a)
B :, :‘,
, : ::I
.
p$
faregeing
that
seeardatian
) .;-*.I 3
/;:;.j
‘;I\::r
,‘! ;k
&
daetlment
leget& er cqt&tuHe
Where the transfer
k :
i: )
j,p
2
!$
-6
li- 3
af
evMencing
tit&c7
is evidenced b2 recordAtion
the date of recordation
--to be the date of ownernresumed -----
of
-N-wa deed or other
shall be rebuttahlv
document,
ship change.
This presumption
2 different
e
by evidence
of
-- a contract
of
e--p sale
have been met.
Where the transfer
-is accomplished
document,
the transferee
the date
---
-to possession
presumed
(2)
Leases.
(3)
Inherit
and/or
beneficial
by an_ unrecorded
obtained
use shall
to be the date of ownership
-em--
presumption
ferent
proving
date to be the date all parties'
in-----m
have
elements
-- the essential
--I_ met in escrow or
structions
(hl
may I_be rebutted
may be rebutted
the right
mbe rebuttably
This
change.
bl evidence
proving
a-- dif-
date.
The date
ante
the
(by will
lessee
has the right
or intestate
to possession.
succession).
The date
of death of the decedent.
+4+
*nter
vitras
cneeattil
trusts7
or revoked
!P~C date
the trttst
by the trtlster-;
-19-
Pnstrment
&s
T/20/79
(4) Trusts.
The date
----
(A) Revocable.
'(B) Irrevocable.
NOTE:
Refer
to
the
The
-mm- date
subsection
(g)
-2o-
trust
becomes
irrevocable,
the
trust
instrument
for
trust
transfer
&
executed.
exemptions.
7/20/7?
a
NEWLYCONSTRUCTED
PROPERTY
Rule No. 463.
-Ze+ --(a) When real
after
the 1975 lien
full
or a portion thereof,
-date, the assessor shall
value of such "newly constructed
This will
date of completion.
value
All
underline
?
for only
constructed,
taxable
adding
that
portion
whether
taxable
full
it
the full
property"
establish
of the property
property
a-ue of property
shall
reduced
be determined
to account
is only
constructed"
(1) Any physical
All
/'
underline
fixtures,
that
value
or
- "new construction"
such as adding
building
land fill,
retaining
or swimming pool or changing
so as to add to its
-to incorporate
-an additional
in this section.
-is defined --
-21-
The
value
at&r
increases
including
far
than
walls,
curbs,
a new
an existing
square footage
fixture,
the
means and
or sewers to land or constructing
improvement
by
resulting
to land or improvements,
the purpose of sandseapfngl
gutters
a
addition
for
construction.
from the new construction
and does not include
----not associated with
the new construction.
--
+a+ (b) "Newly
i
includes:
The
to the taxable
removed during
value of ne:q construction
which is newly
or alteration.
--alue of new construction
property
as of the
a new base year full
is an addition
value on the total
value of pieexisting
a
-is newly constructed
ascertain
the
property,
as
--- that
or
term
.
7/20/79
:,*;
t’f
1
r 1
?‘r ;
13
p/qj
f;,
b;;‘..5!
I
k&Y
&
/q$
F-;:
-
.
;;;
P:
i..
3
$j$
:<
-:
$
,$
!,;;
.
(z
I
Any substantial
constitutes
results
Ehysical
alteration
in a change in the way the property
construction
Site
-:
g
ii;
{;I
Lb
h :,
: ct
of
I- land which
of the land or
a major rehabilitation
Examples of alterations
t-.
‘~:&2
is used.
to land to be considered
new
are:
development
establishing
Altering
of rural
land for
a residential
subdivision.
dry grazing
rolling,
the purpose of
land to level
irrigated
crop land.
Preparing
a
a vacant
In any instance
All
underline
pre-existing
inflation
shall
use as a parking
shall
reappraisal,only
the value
of the
be added to the base year value
land.
Increases
or a zoning
in land value
change rather
not be enrolled,
for
1975
=
$10,000
2.
Land value
1978
=
20,000
3.
Value of alteration
1978
=
5,000
Value of structure
added 1978
=
75,000
=
90,000
value
--22-
of the
caused by
than new construction
example:
Land value
1979 roll
(1+3+4)
facility.
is substantial
1.
4.
L
for
in which an alteration
enough to reauire
alteration
lot
(must be adjusted to
reflect
appropriate
indexing)
.
m,
I
I
i
I
Alterations
to land which do
a major re-- not constitute
-_I_
or which do not result
in a change in the
habilitation
way the property
(3) Any physical
verts
alteration
thereof
not result
of-any
the improvement
substantial
ture
is used shall
improvement which con-
or any portion
equivalent
thereof
of a new structure
that
had been altered,
office
building
makes it usable
e.g.
to make it
of the struc-
physical
alterations
suitable
for
use as an
or alterations
to a warehouse that
as a retail
store or a restaurant.
Only the value of the alteration
the appropriately
existing
to the
or portion
or changes the use of the portion
to an old structure
9
1Al
/
under-line
7
in reappraisal.
indexed
shall
be added to
base year value of the pre-
structure.
I
(4) Excluded
1
from alterations
is construction
strutted"
for
qualify
annual preparation
interior
coverings
or exterior
painting,
equivalent
and repair,
e.g.,
land or
replacement
of roof
of aluminum siding
ments or the replacement
to improve-
of worn machine parts.
rehabilitation,
of any fixture
performed
of agricultural
or the addition
(5) zany physical
as "newly con-
or reconstruction
the purpose of normal maintenance
routine
I
!
I
i
j
that
renovation
which converts
of a new fixture
it
or modernization
to the substantial
or any substitution
of
a new fixture.
Substantial
equivalency
comparing
the productive
7/20/79
shall
be ascertained
capacity,
-23-
normally
by
expressed
m m ‘jq
>..“:
i,.:t\;;;
jJ \,;:y!;j
f:‘,\
q+,-?,
F.‘\
t:. ! ;_.1:.*‘I:’ .:F
7/20/79
-in units
to its
fl~j
per hour,
original
(c) For purposes
an improvement
of
-- the rehabilitated
productive
of this
fixture
capacity.
section,
"fixture"
is defined
whose use or purpose directly
or augments the process
or function
applies
of a trade,
as
to
industry,
or profession.
(d) Mew construction
appraised
at its
time the entire
portion
shall
use.
portion
of this
of property
or portion
whether
is available
governmental
such inspection,
all
I
full
value.
the date of completion
for
be given to the date of the final
propriate
official,
thereof
the real
property
or a
use, consideration
shall
inspection
or,
obligations,
the date of the completion
-24-
by the ap-
in the absence of
fulfilled
or in the case of fixtures,
of
- testing
equipment.
is
is available
the date the prime contractor
of his contract
at which
which is newly con-
at its
section,
In determining
be
on such date and each lien
be reappraised
thereof
date shall
the date of completion,
the date the property
for
on the lien
value
until
> (e) For purposes
I
full
date thereafter
structed
rll
InderLine
in progress
-of machinery
and
m
PI’.
fy
pz3 ll!y%-I /fT;j g3
p c! 1‘‘..(
1.
f:I 1.
..::;
! .‘;: ,_ , ‘8
$.!
’
i;? ,i..:
. :I.;’
-:I‘*I , ‘:8
I!: ; I.
&- ,li ia: , c ,: +
7-20-79
e
does
not include real property
-e
.
the full
is reconstructed
after a disaster
where
is substanof such real property,
as reconstructedf
to its full
value prior
to the disaster.
equivalent
--(f)
Newly constructed
I
which
value
tially
If
on the lien
Enroll
1.
All
value
date
equivalent,
following
the restored
Enroll
property
the current
the current
the assessor
restoration:
at its
plus or minus the appropriate
2.
if
are not substantially
the values
sjlall
property
taxable
former
inflation
adjustment,
market value of the restored
market value
is less
than the value
or
property
found in
Item 1 above, or
3.
Enroll
the
ValUe
found in Item 1 above plus
value of any newly constructed
that
463
new construction
faj fbj.
has occurred
if
as
it
is
pyev&dedfn
determined
Beetien
.
For purposes
restored.
property
the market
of this
subsection
reconstructed
er and w-y.
use and quality
to that
only,
or repaired
.
which existed
-25-
newly constructed
property
in a timely manner follow
.
.
egjaivalat
3n n
prior
to the disaster,
.I
7/20/79
as a re-em
or
- restoration
--(g) For property under reconstruction
I
suit of disaster
which changes ownership prior
completion
of reconstruction
of the land and existing
All
underline
I
or restoration,
improvements
shall
as of the date of the change in ownership
of any reconstruction
ing the transfer
completion
following
shall
be determined
in accordance
new construction
equivalent"
or restoration
test
with
but without
normally
applicable
a, disaster.
-26
the value
be determined
but the value
\!hich occurs
follow-
as of the date of
the provisions
regard
to the
applicable
to
to the "substantially
-to property
reconstructed
T/20/79
.
Rule
Ho.
464,
Xlll
as
Homeowners’
repeal
110.6,
any
The
1978.
Revenue
property
tax
property
to a specific
tax
ond Towotion
exemptions
rate
granted
shall
apply
Exomples
property.
Code.
or authorized
to the
by the Constitution
current
taxable
of the application
Veterans’
exemption.
sum
of
25
no provision
for
to the
reconsidering
current
taxable
percent
of
the
of
and Toxation
property
tax
of the exemption
of property
taxable
taxabtt value
in Revenue
the veterans’
the granting
value
lets
\
any
exemptions
are
,
of the current
full cash value as defined
assets
will
determine
the limiiation
for
applies
value
The
value
of partial
tax rote opplics
to the current
Th e property
exemption
less the value
of the extmption.
exemption.
for the homeowners’
contains
(c)
EXEMl’TlOHS.
fallows:
percent
taxable
rate
1,
applicable
qualifying
(b)
not
July
exemptions
Code)
110, 110.1,110.5,
A does
on or before
(0)
Adm.
Sections
Refarsnce:
Article
(Cot.
quolifying
the
taxable
of property
assets
and
100
Code Section
110 for nonexemption.
Article
XIII A
prior
for
value
to 1978.
veteronr’
The
property
exemption
tax
less
the
of the exemption.
Disabled
qualifying
veterans’
for
History:
exemption.
the disabled
The
veterans’
Adopted luns 29, 1978. sffsct,vs
property
property
tax
tax
rate
applies
exemptron
to current
less
the
value
taxoble value of property
of the
exemption,
July 3, 1978.
Rule No. 465.
(Cal.
Mm. Code) NC'NPROFITGOLF COURSES.
When appraising
real
property
course
in
Article
purposes
XXII
of
ef the date
qaa&:i+icd
nn2er
of Section
10
value
of
shall
of such
attrihutahle
ba3e year7 regf3rd3ess
tke eengkftutian
p~cmi3kms~
2 of Article
of
-to any of
- Section --- the provisions
A
Constitution
or
leqis-- its implcmentinq
-I_-of the California
without
XIII
auefi property
golf
the value
the full
f33 of the appropriate
nonprofit
the assessor
ascertain
of such use, plus
rights-7
for
the provisions
Constitution,
date and tkreaftcr
on the basis
to any mineral
wit11
California
the
for the 1973 lien
-v__I-----property
accordance
used exclusively
regard
lation.
‘:;>
-27-
r. . 1 i I
1.:: f. .I
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,;*t
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f:Q
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.: : -.;
i .I “‘<
: : ;y
;c’q
FF
pi-:;
is:!
,. .-v.
f*.‘.“4
f
:I
: .‘I:;
;:. $
;;$y:
i/j
,;
I
i.
.4
.
(Cal. Adm. Code) VALUATION AND ENROLLMENTOF TREES
AND VINES
Rczle No. 466.
The &se
yea5z vahe
geremia&e
~34 4rt3;i*
alnd a&
CEeee7 arhea
wkert p&a19*ed k:R ereka3xl7
or not enforceably
restricted
gmve7
shall
hskef37
8~ vheyard
01 ebker
Ee~m nkeCker
be the most recent
the
of
following:
value
as of the 1975 lien
(b) The full
value
as of the date of planting,
(c) The full
value
as of the date of a change in ormership.
The full
value
3 +i+i
of trees
All
I
fruit
orchard
-=A1
underline
for
valued
regard
to the provisions
enrolled
is
of
XIII,
Section
tuttis
t?w
the c?cemptSan-;
\
and thereafter
as follows:
restricted
to the provisions
of section
of section
2 of Article
and vines
shall
be an-
470 herein
XIII
without
A of the
'
at their
increases
z
exempt trees
in land enforceably
pursuant
(b) Those planted
percent
exempted by Article
previously
the 1979 date
nually
Constitution.
0
to tax,
(a) Those planted
annual
or
&a%% net be enr&&d
the cxpirathn
subject
be valued
P
date.
and nut trees and vines when planted respectively
in
-m
form shall -be exempt -as provided -by law.
-or vineyard
Upon becoming
shall
and vines
the Stake Canatitatian
of
3icn date f&?awing
0
.
(a) The full
e
in land not enforceably
base year value
appropriately
in the consumer price
their
full
value
for
---
less.
-28-
index
the current
restricted
shall
adjusted
be
to rofkct
not to exceed two
lien
.
.
:
I
I
..
t
date,
whichever
. ..
‘“. .
y\
’ ;
( 1 I
: ..a:
; . ..,
) .i ./
I’
;‘! -;.:!
*
I
.
.
:
:
-:$
1. :: ? ?,:y
’ .C., a.>
t.
! i
p .
. !
> yg
1.
5-i
1
,
‘,.-?
b-4
,I‘,!\.-3
-.
1
wi
.$i
$
I-.‘
‘i
,
3
$;
P
Ibe:
.yt II‘:,;!&.$J
(1
I
I
.-
L
7-20-79
.
(1)
The base year for trees &
vines planted --in land not
-enforceablx
restricted
shall -m
be the year they became
subject
911
underline
to taxation
unless
year was prior
to 1975
in which case the base year is 1975.
(c) Perennials,
commercial
valued
other
production
annually
than trees
on enforceably
as provided
on land not enforceably
in section
restricted,
the same base year as
--- the land unless
m--
0
that
and vines,
planted
restricted
land shall
470.
they
shall
planted
If
for
their
be
they are planted
be
after
valued
lien
---
and have
date
1975
in which case the year af psenting she3i be their arigine3
best
-year7 -_L__
their value -as of mvthe date of planting
shall be their original
--F
base
year value.
--
-29-
1
l
1;
7-20-73
Rule 467.
(Cal.
Adm. Code)
.
,
; 6
81
pj:
;;
21 of this
as of that
date.
to March i,
code and created
shall
prior
interests
be appraised
shall
renewed,
as defined
to March 1, 1975,
newly created
at their
extended,
'for a Germ 4~ excess eF Cen years
-at their
full
value
full
subsequent
value
to occupancy
as of
erected
for
by the possessory
the purpose
interest
of the date of the completion
of construction
a period
shall
for
be appraised
the current
for
any reason
full
appropriatelv
& being
prepared
value
extension,
the right
of exercising
in land
covers
that
adjusted
lower
~hcA3
rcficck
be valued
as
are in the course
Section
interest
than its
date,
463.
4ec&incs
changes
fa%% cash V&h5
~knt dce%inc ease year
to the lien
-m----v-
datd
value
he enrolled.
shall
---
rights
more than one lien
with
is less
shall
the
When improvements
interests
of any possessory
assessment:
that
that
in accordance
to a value
base the current
value
be appraised
obtains
of construction.
of the possessory
If
a
held
owned by the holder
they
or assigned
any term shall
or assignee
I
or use of the property.
New improvements
granted
subleased
as of the date of
-- the renewal,
---
Or as of the date the sub-lessee
e-
;.j
ascertain
.
interests
::;
*. 1
1
the date of creation.
Iqossessory
,, :;
TAXABLE POSSESSORYINTERESTS.
Possessory
1975,
i - :
, .
$1
: _‘Li
fs
,*!
,
For
the assessor
------ the 1979 lien date and thereafter
the faK%. value of al.1 taxable possessory interests
in Section
‘,:I’;’
for
which
the roll
AS
adopted September 26, 1978
7-20-79
Rule
No.
469.
(Cal.
Adm,
Coda)
MINES
AND
QUARRIES.
.
Raforence:
Sabions
110, 110.1,
110.5,
110.6,
Revenue
ond Toxotion
Code.
Organic
and inorganic
minerals
and rocks are notoral
substances
of the earth,
and ore classified
OS land.
The volume
of minerals
or rocks
of acceptable
quality
that may be removed
from the land
The creation
of
under
existing
economic
and operating
conditions
are classified
as reserves.
reserves
by exploration
or by development
constitutes
an addition
to real property
and the production
of the minerals
or rocks
from a reserve
constitutes
a removal
of real property.
(a) The
reserves.
data that
(b)
The
Hirtory:
full
value
of a mine or quorty
is its base yeor full
value
adjusted
for the depletion
of
The value of the depleted
reserves
shall
be determined
annually
employing
the economic
applied
to the establishment
of the-reserves
in thi? base year.
base
year
of new
reserves
shall
be the year
Adopted Juoa 29, 1978, effective July 3, 1976.
Amen&d September 26, 1978, offoctivs October 2. 1978.
-31-
in which
either
development
or mining
occurs.
3-20-79
(Cal.
Rule No. 470.
A&n. Code) @p~~-&e&
PROPERTY.
Reference:
All
Sections
110, 110.1,
lands
open-space
Revenue
and
ing methods:
Taxotion
(a)
Code
change
-in
(c)
If o change
year
improvements
to the
and
value
a
land
When
an
of
full
cash
When
yeor
meaning
restricted
value
prior
ta the
1975
lien
is the
1975
restricted
has
is
entered
occurred,
the
Code.
the
value
in ownership
has
be the
ownership,
restricted
date
of Sections
421
determined
with
and
by one
no subsequent
422
of the
change
of the
.^ -
follow-
in owner-
value.
subsequent
to the 1975 lien dote and no
full value is the value
OS if restricted
into
bose
shall
and
using
occurred
yeor
of
leveling,
to the
redetermined
the
be modified
la;.d
the
subsequent
restricted.volue
regordless
values
as wells
improvements
effective
annually
will
capitalization
as
by
be valued
rate
dote
the
1975
lien
the
date
of
the
enforceable
inflation
in Section
the
of the
mte.
by copitolizing
prescribed
date,
of
yeot
base
most
recent
restriction.
Subsequent
land
the
income
attributoble
423
(b) of the Revenue
Code.
open-space
the
contract
Government
value
on open-spocc
of the
Revenue
cash
value
modified
shall
be the base
is
Code,
OS modified
426
History:
I’ within
o bose
restriction
shall
in
such
Taxation
51285
full
in ownership
change
base
year
and Toxot;on
1975.
full
All
have
restricted
the bose
Revenua
restricted
shall
If an enforceable
(b)
110.6,
“enforceably
If enforceobly
ship,
110.5;
Taxation
annually
year
full
annually
contract
and
concelled,
the
by the
is not
to
of
the
the
provisions
Iond
of
Sections
be fhe
shall
inflation
through
base
year
rote.
The
rote.
modified
51280
opproikiate
it shall
be phased
out under the
full cash value
of the land”
shall
renewed
“the
value
value
inflation
Code;
by the
restricted
pursuant
cash
annually
value
of the
by the
land
inflation
provisions
of Section
be the base yeor full
by capitolirotion
of income
rote.
Adopted June 29, 1978, effective July 3, 1978.
Amended September 26, 1978, effective October 2, 1978.
Commencing with
cnforceahly
---II_ the 1979 lien date, L&L property
restricted
pursuant to Section -8 of Article
XIII of the California
--shall be valued for property
tax purposes pursuant
I Constitution
to Article
1.5,
and Article
Open Space Land (commencing with
1.9,
Historical
Property
Section
(commencing with
421)
Section
439)
ill
of Chapter 3 of Part 2 of the Revenue and Taxation Code.
rider--, 1
i
When enforceable
restrictions
are cancelled or terminated
by nonrenewal
I
as provided
by the Government Code
Code, m-the full cash value referred
modified annually by the inflation_
-33-
or
-to therein
rate.
~~~
the Revenue and Taxation
shall
be the value
----
as
.
i
. . I...
a!
* .I! r;jm
..) ::: y.-.*/
1
fat
p=
,.‘J
‘:,
\
1.::’
‘; f::;‘:
a
‘1
&.!;;JI.:>i.2;G :’;.:i y;
%
7-20-79
,
Rule
a
(Cal.
No. 471.
Consistent
Article
with
XIII
Adm. Code) TIXERLAND.
the intent
of the California
interpretation
thereof,
Constitution
pursuant
Code shall
and thereafter
from the 3933 statt&ory
site
class
by the inf*atian
be ascertained
value
rate.
schedule
phrase
1a
trike.lt
ascertained
value
0~ ettkem&3e
is defined
after
timberland
to be adopted
site
class
51110 or 51113 of
for the 1979 lien
mm-most recent
date
board-adopted
and sh&% be madified
nnnanWy
base year value
board-adopted
timberland
schedule
te
es Ckah
shall
timberland
be
site
January
which changes ownership
be ascertained
value
*keree+
ii3 ew3er;akip~
by the Board on or before
for
shall
a %kaage
462, its
in Section
March 1, 1980,
land which has
. ..-.-- - -
wide3fyees
Base year values
1980.
for
BPmker&a3d 7 9P a perb&en
from the most recent
schedule
of
-. _____.. -. -
BST 0~ 9-r a&e35 Mereh &T 29797
purekaaed~
3(j)
and the legislative
to Sections
the Government
timberland
of Section
the base year value
been zoned as timberland
..--- -
of the provisions
class
1,
on or
from the board-adopted
in effect
as of the date of
change in ownership.
Values
the
determined
lien
date next
as provided
succeeding
in this
section
shall
be enrolled
the date when the timberland,
on
or a
changed ownership.
Each year following
enactment
thereof,
I portion
eG a new base year va&ue that ve%ue &a&& be madi;iicd by the annt&
it3&aBPfm
pa&e+
-33-
Fly UP