Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2010
 

Revenue and Taxation Code

Property Taxation

Part 0.5. Implementation of Article XIII A of the California Constitution

Chapter 1. Base Year Values

Section 50

50. Base year value for property purchased or changes ownership. For purposes of base year values as determined by Section 110.1, values determined for property which is purchased or changes ownership after the 1975 lien date shall be entered on the roll for the lien date next succeeding the date of the purchase or change in ownership. Values determined after the 1975 lien date for property which is newly constructed shall be entered on the roll for the lien date next succeeding the date of completion of the new construction. The value of new construction in progress on the lien date shall be entered on the roll as of the lien date.

Construction.—The application of this section to property purchased or changing ownership after the 1975 lien date does not violate Article XIII A, Section 2(a) of the Constitution (real property acquired after 1975 to be assessed according to appraised value at time of acquisition). Nothing in Article XIII A changed or prohibited the existing assessment procedure under which a change of value during the fiscal year would only be reflected in the appraisal on the next lien date, and the enactment of supplemental assessment provisions of Revenue and Taxation Code sections 75 through 75.80 does not establish that the prior method of assessment under this section was unconstitutional. Vacu-dry Company v. Sonoma County, 190 Cal.App.3d 947.