Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Property Tax Annotations


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B

200.0000 BASE YEAR VALUE TRANSFER

(a) BASE YEAR VALUE TRANSFER – PRINCIPAL RESIDENCE

Annotation 200.0123

200.0123 Rescission. Section 69.5(i)(1) permits a property owner to rescind a claim to transfer the base year value. However, a notice of rescission is only effective if it is filed within either of the two time periods contained in subdivision (i)(2). Under subdivision (i)(2)(A), the notice of rescission must be delivered to the assessor's office before the date the county first issues a refund check or before any property taxes are paid or become delinquent on the new transferred base year value. Alternatively, under subdivision (i)(2)(B), the notice of rescission is effective if it is delivered to the assessor's office within six years after the base year value transfer relief was granted, provided that the replacement property had been vacated as the claimant's principal place of residence within 90 days after the original claim was filed. C 5/31/2007.