Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012
 

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 4. Assessment by State Board of Equalization Generally

Article 4. Assessment Estimates and Assessment Roll*

Section 755

755. Transmission of estimates of total assessed values to county auditors. (a) On or before July 15, the board shall transmit to each county auditor an estimate of the total unitary value and operating nonunitary value of state-assessed property in the county and of nonunitary state-assessed property in each revenue district in the county. An estimate need not be made for a revenue district that did not levy a tax or assessment during the preceding year unless the board receives on or before January 1 preceding the fiscal year for which the levy is to be made a notice in writing of the proposed levy. The estimate shall be regarded as establishing the total assessed value of state-assessed property in the county and each revenue district in the county for the purpose of determining tax rates, subject only to those changes as may be transmitted on or prior to July 31. All information furnished pursuant to this section is at all times during office hours open to inspection by any interested person or entity.

(b) Notwithstanding subdivision (a), in making the estimate referred to in subdivision (a), the value of property described in paragraph (1) of subdivision (a) of Section 100.1 and the nonunitary value of the property of regulated railway companies, property subject to subdivisions (i), (j), (k), and (l) of Section 100, and property subject to Section 100.9 shall be allocated by revenue district.

(c) The amendments made to this section by the act that added this subdivision apply for the 2007–08 fiscal year and for each fiscal year thereafter.

History.—Added by Stats. 1976, Ch. 877, p. 1993, in effect January 1, 1977. Stats. 1986, Ch. 1457, in effect January 1, 1987, substituted "July 15," for "August 7", after "before", substituted "unitary" for "assessed", after "total", and added "of nonunitary state-assessed property" after "and" in the first sentence; and substituted "July 31" for "August 19" after "prior to" in the third sentence. Stats, 1987, Ch. 921, in effect September 22, 1987, added "(a)" before the first paragraph, and added "and operating nonunitary value" after "unitary value" in the first sentence thereof; and added subdivision (b). Stats. 2002, Ch. 775 (SB 2092), in effect January 1, 2003, substituted "those" for "such" after "subject only to" in the third sentence, and substituted "by" for "of" after "open to inspection" in the fourth sentence of subdivision (a); and substituted "subdivisions (i), (j), and (k) of Section 100" for "subdivision (i) of Section 98.9" after "property subject to" in the first sentence of subdivision (b). Stats. 2005, Ch. 264 (SB 555), in effect January 1, 2006, substituted a comma for "and" after "railway companies" and added ", and property subject to Section 100.9" after "of Section 100" in the first sentence of subdivision (b). Stats. 2006, Ch. 791 (AB 2670), in effect January 1, 2007, added " the value of property described in paragraph (1) of subdivision (a) of Section 100.1" after "in subdivision (a),"and substituted "and the nonunitary value" for "and the unitary value and nonunitary value" before "of the property of regulated railway" in the first sentence of subdivision (b) and added subdivision (c). Stats. 2010, Ch. 433 (AB 308), in effect September 29, 2010, substituted "(k), and (l)" for "(j), and (k)" after "subdivisions (i)," in the first sentence of subdivision (b).

Note.—Section 8 of Stats. 1987, Ch. 921, provided that no reimbursement is required by this act pursuant to Section 6 of Article XIII B of the California Constitution because the Legislature finds and declares that there are savings as well as costs in this act which, in the aggregate, do not result in additional net costs.

* Article 4 heading was added by Stats. 1976, Ch. 877, p. 1993, in effect January 1, 1977.