Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Property Tax Annotations


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C

220.0000 CHANGE IN OWNERSHIP

Annotation 220.0332.005

220.0332.005 Leases. In applying Revenue and Taxation Code sections 61(c) and 62(g) to leases of 35 or more years that commenced prior to March 1, 1975, the assessor should consider the entire term of each lease, including the portion of the term that was in effect prior to the enactment of Proposition 13. Section 61(c) and Property Tax Rule 462.100 do not expressly exclude periods prior to March 1, 1975, from the calculation of lease terms. C 1/7/2008.