Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012
 

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 3. Assessment Generally

Article 1.7. Valuation of Timberland and Timber*

Section 435

435. Valuation of timberland. (a) In preparing the assessment roll for the 1984–85 fiscal year and each fiscal year thereafter, the assessor shall use as the value of each parcel of timberland the appropriate site value pursuant to Section 434.5 plus the value, if any, attributable to existing, compatible, nonexclusive uses of the land. Assessments of values attributable to compatible uses determined in accordance with this part are subject to the appeals procedure established by law for other assessments.

(b) Nothing in this article shall prevent the assessor in valuing timberland from taking into consideration the existence of any mines, minerals, and quarries in or upon the land being valued, including, but not limited to, geothermal resources and oil, gas, and other hydrocarbon substances.

(c) The provisions of this article shall not apply to any structure on the land being valued or to an area of reasonable size used as a site for approved compatible uses.

History.—Stats. 1977, Ch. 853, in effect September 17, 1977, added the subdivision letters, added second sentence to subdivision (a), and substituted "the sum of the values derived for each parcel pursuant to this section, to obtain the assessed value of each parcel" after "401 to" for "obtain its assessed value. Assessments of values attributable to compatible uses determined in accordance with this part are subject to the appeals procedure established by law for other assessments in subdivision (d)." Stats. 1978, Ch. 1207, in effect January 1, 1979, operative January 1, 1981, deleted subdivision (d). Stats. 1983, Ch. 1198, in effect January 1, 1984, substituted "1984–85" for "1977–78" before "fiscal" and "site value" for "grade value certified to him by the board," after "appropriate" in the first sentence of subdivision (a).

* Article 1.7 was added by Stats. 1976, Ch. 176, p. 320, in effect May 24, 1976. Secs. 20 and 21 thereof provided no payment by state to local governments because of this act. Sec. 22 thereof provided that the property tax assessment provisions shall be applicable to assessments for the 1977–78 fiscal year and thereafter.