Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
200.0000 BASE YEAR VALUE TRANSFER
(d) BASE YEAR VALUE TRANSFER – Replacement PropertyŚComparable in Size
200.0363 Replacement Property—Comparable in Size. In 2007 Caltrans acquired a parcel of real property by eminent domain. Two years later, Caltrans acquired portions of two other parcels. One replacement property is being purchased to replace the three properties taken. The combined base year values of the taken properties may be transferred to the replacement property as long as the full cash value of the replacement property is less than 120 percent of the combined awards for the properties taken. C 3/24/2011.