Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Property Tax Annotations


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B

200.0000 BASE YEAR VALUE TRANSFER

(a) BASE YEAR VALUE TRANSFER – PRINCIPAL RESIDENCE

Annotation 200.0129

200.0129 Time Limits. Section 2(a) of article XIII A of the California Constitution and Revenue and Taxation Code section 69.5 require that a replacement dwelling be purchased or newly constructed within two years of the sale of the original property. This two-year period is mandatory, and neither article XIII A nor section 69.5 provides for an extension of this two-year period. C 12/18/2006.