Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
650.0000 PLANNED DEVELOPMENTS
650.0001 Recreation Common Areas. The tennis courts, beach, and picnic area of a lake country club, organized as a planned development, are common areas. The values or interests held in these common areas should therefore be reflected in the separately owned lots, parcels or areas.
A mutual water company, serving only the planned development, should also be valued pursuant to Revenue and Taxation Code section 2188.5. C 4/12/1978.