Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012
 

Revenue and Taxation Code

Property Taxation

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

Chapter 4. Assessment Appeals

Section 80.1

80.1. Assessment appeals; opinions of value. (a) On and after January 1, 1998, no person shall prepare an opinion of value on real property, intended for submission in an assessment appeal involving residential property with an assessed value of one million dollars ($1,000,000) or less, for an owner of real property for compensation or in expectation of compensation, unless that opinion of value is designated either as (1) an appraisal report prepared in accordance with the standards specified in Section 11319 of the Business and Professions Code or (2) an opinion of value, and bears the following notation: "The value expressed in this opinion should not be construed as an appraisal report, which must be prepared in accordance with Uniform Standards of Professional Appraisal Practice."

(b) Nothing in this section shall be construed to permit an appraiser licensed pursuant to Part 3 (commencing with Section 11300) of Division 4 of the Business and Professions Code to prepare an opinion of value that is not in accordance with the standards adopted pursuant to that part or specified in Section 11319 of the Business and Professions Code.

(c) Nothing in this section shall be construed to prevent an owner of real property from preparing and submitting information on that property. For purposes of this section, "owner of real property" includes employees of the owner.

(d) Nothing in this section shall preclude property managers from providing relevant information on operational aspects of properties under their management.

(e) This section shall not apply to agents or instrumentalities of local, state, or federal government.

(f) This section shall remain in effect only until January 1, 2001, and as of that date is repealed.

History.—Added by Stats. 1997, Ch. 182 (AB 1319), in effect January 1, 1998.