Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
200.0000 BASE YEAR VALUE TRANSFER
(b) BASE YEAR VALUE TRANSFER – GOVERNMENT ACQUISITION
200.0367 Replacement Property – New Construction. Land that was purchased prior to the taking of real property under governmental action is not eligible for property tax relief under Revenue and Taxation Code section 68. Even though the land does not qualify for relief, any improvements built on the land to replace improvements taken could receive relief if they meet the tests of comparability, ownership and time for qualification. C 3/30/1989.