Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
460.0000 FULL CASH VALUE
460.0020 Land Sold By City. Full cash value of land sold by a city to a corporation for specified development is to be determined without consideration being given to the fact that ownership of the land will revert to the city if the development is not completed within an agreed-upon time frame. Revenue and Taxation Code section 402.1, which pertains to land use restrictions, not to contingencies which might affect ownership of land, is inapplicable. C 3/12/1985.