Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Revenue and Taxation Code
Property Taxation
Part 1. General Provisions
Chapter 1. Construction
Section 110.5
110.5. "Full value." "Full value" means fair market value, full cash value, or such other value standard as is prescribed by the Constitution or in this code under the authorization of the Constitution.
History.—Added by Stats. 1974, Ch. 311, p. 589, in effect January 1, 1975. Stats. 1978, Ch. 292, in effect June 24, 1978, added the phrase "full cash value,".