Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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Annotation 180.0085

180.0085 Land Conservation Act Homesite Value. Homesites on lands subject to restricted value assessment under California Land Conservation Act contracts are valued as separate appraisal units because Revenue and Taxation Code section 428 provides that the restricted value statutory provisions shall not apply to residences and residential sites of a reasonable size. Thus, a property owner may appeal the assessed value of the homesite as an appraisal unit, separate from the land under contract, if he or she believes that the fair market value of the homesite property on the lien date is lower than the assessed value determined by the assessor. C 8/10/2000.