Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
500.0000 HISTORICAL PROPERTY
500.0008 Conservation Easement. The valuation standards of Revenue and Taxation Code section 439.2 may only be applied if the historical property contracts setting forth an enforceable restriction are signed, accepted and recorded on or before the lien date for the fiscal year in which the valuation would apply. Since the requirements for a conservation easement based on historical factors are not as extensive as the requirements for an historical property contract, the fact that a conservation easement was recorded does not serve to meet the requirements of Revenue and Taxation Code section 439.4. This is true even though conservation easements based on historical factors are valued pursuant to Revenue and Taxation Code section 402.1 once the conservation easement is recorded. C 9/21/1995.