Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014

Property Tax Annotations

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850.0000 VALUE

Annotation 850.0031

850.0031 Lesser of Market Value or Factored Value. The enrolled value of newly-acquired property having a fair market value of $100,000 in July but a March 1 value of only $80,000 should be $80,000. It should be noted, however, that that value is the Proposition 8 value and that the base year value is $100,000. C 6/30/1982.