Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
535.0000 LAND USE RESTRICTIONS
535.0075 Valuation Upon Removal of Restriction. Property removed from an agricultural preserve shall be valued at its fair market value as of March 1, 1975 or as of the lien date following a subsequent change in ownership. The base year value determined shall be factored in accordance with the requirement of the Revenue and Taxation Code. C 9/7/1984.