Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
620.0000 OPEN-SPACE LANDS
620.0002 Cancellation Fees and Charges. Prior to January 1, 1988, the cancellation fee was based upon the property's taxable value as defined in Property Tax Rule 460(b)(6). As of January 1, 1988, that fee is calculated based upon current fair market value as determined pursuant to Revenue and Taxation Code section 110. C 4/3/1984; C 11/7/1988.