Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
400.0051 Property Acquired After Lien Date. Revenue and Taxation Code section 271 is applicable to property acquired by a qualified organization after the lien date, provided the property is of a kind which would have been qualified for exemption if owned by the organization on the lien date. Qualification for exemption is determined by the use to which the property is put by the acquiring qualified organization, not the use made of the property by the former owner. C 4/1/1988.