Property Taxes Law Guide – Revision 2013
 

532.2. Escaped property, possessory interests of Zoological Society. [Repealed by Stats. 1981, Ch. 261 in effect January 1, 1982.]

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532.2. Escaped real property; welfare exemption. Notwithstanding Section 532, the assessor shall assess as escaped property any property for which a welfare exemption was granted while that property was "in the course of construction," as defined in Section 214.2, if either of the following occurs:

(a) Construction is abandoned.

(b) Upon completion of the construction, the property is used other than exclusively for religious, hospital, or charitable purposes. If, upon completion of construction, a portion of the property is used other than exclusively for religious, hospital, or charitable purposes, the assessor shall assess as escaped property only that portion of the property so used.

History.—Added by Stats. 1991, Ch. 897, in effect January 1, 1992. Stats. 1992, Ch. 1180, in effect January 1, 1993, substituted "shall" for "may" after "assessor" in the first paragraph; and added "If, upon . . . so used." after "purposes" as the second sentence of subdivision (b).