Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
500.0000 HISTORICAL PROPERTY
500.0005 Change in Ownership/New Construction. The value of an historical property for annual assessment purposes is the lowest of the base year value factored for inflation, the current market value, or the value determined pursuant to Revenue and Taxation Code section 439.2. In determining base year values, changes in ownership and new construction values must be taken into account in order to make the necessary comparison of values. C 2/13/2001.