Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 3. Assessment Generally

Article 1. General Requirements

Section 401.4

401.4. Valuation of owner-occupied single-family dwelling. When valuing an owner-occupied single-family dwelling and the land on which it is situated that may be required for the convenient occupation and use of such dwelling, if such dwelling is on land which is zoned exclusively for single-family home use or which is zoned for agricultural use where single-family homes are permitted, the assessor shall not value the land at any value greater than that which would reflect the use of the land as a site for a single-family dwelling.

As used in this section, owner-occupied single-family dwelling means any single-family dwelling occupied by an owner thereof as his principal place of residence on the lien date.

History.—Added by Stats. 1972, p. 2960, in effect December 26, 1972, operative on the lien date in 1973. Stats. 1973, Ch. 208, p. 563, in effect July 11, 1973, eliminated two paragraphs stating temporary nature of the section and intention to enact a more detailed program for valuation of single-family dwellings under Section 2.5 of Article XIII of the State Constitution.

Note.—Section 62 of Stats. 1973, Ch. 208, p. 569, provided no payment by state to local governments because of this act.