Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Revenue and Taxation Code
Part 2. Assessment
Chapter 3. Assessment Generally
Article 1. General Requirements
402.2. Affordable housing restrictions; contract recordation. Contracts with government agencies restricting the use of property for owner-occupied housing available at affordable cost shall be recorded. Nothing in this section shall be construed to prevent the assessor from considering a contract that restricts the use of the property to owner-occupied housing available at affordable housing cost, including under any locally adopted inclusionary housing program, for purposes of applying Section 402.1 or subdivision (a) of Section 110.
History.—Added by Stats. 2016, Ch. 300 (AB 2450), in effect January 1, 2017.