Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2018

Property Tax Annotations

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Annotation 220.0468.005

220.0468.005 Partition. A partition by two tenants in common of two jointly owned adjacent residential parcels, considered to be two separate appraisal units, which results in one former tenant in common receiving one parcel and the other former tenant in common receiving the other parcel, requires reassessment of a one-half interest in each parcel pursuant to Revenue and Taxation Code section 61(f). The partition exclusion must be applied to each and every separate single appraisal unit and does not apply to exchanges of separately owned appraisal units. C 4/17/2009.