Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
General Law Provisions
Supplemental Acts to the Revenue and Taxation Code
Stats. 1969, Ch. 1046
Section 1. "Open-space lands" defined. For purposes of this act, "open-space lands" means taxable land, water, and trees and vegetation of whatever type or description and whether planted or of natural growth, when such property is used for the enjoyment of scenic beauty, for recreation, or for the use of natural resources and such property is located outside the boundaries of the irrigation district owning the same.
Sec. 2. "Enforceable restriction" defined. For purposes of this act, "enforceable restriction" means that the property is leased by the irrigation district owning the same to the state for a period of 25 years or more to be used by the state for park and recreation purposes for the benefit of the public.
Sec. 3. Computation of value. The full cash value of property described in Section 1 of this act which is subject to the enforceable restriction set forth in Section 2 shall be determined by dividing the annual rental, fees, or other return to the owner under the terms of the lease with the state by .07. The ratio prescribed in Section 401 of the Revenue and Taxation Code shall then be applied to the full cash value to obtain the assessed value.
Sec. 4. Application of provision; limitation. The provisions of this act shall in no event apply to more than 2 percent of the total assessed value of property within a county.
History.—Enacted by Stats. 1969, p. 2030, in effect November 10, 1969, operative March 1, 1970.