Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Revenue and Taxation Code

Property Taxation

Part 13. Taxation of Manufactured Homes

Chapter 1. General Provisions and Definitions

Section 5803

5803. "Full cash value." (a) "Full cash value" means the "full cash value" or the "fair market value," as determined pursuant to Section 110, of a manufactured home similarly equipped and installed, including any value attributable to a manufactured home accessory building or structure as defined in Section 18008.5 of the Health and Safety Code which is sold along with the manufactured home, giving recognition, however, to the exemption provided in subdivision (m) of Section 3 of Article XIII of the Constitution.

(b) The Legislature finds and declares that, because owners of manufactured homes subject to property taxation on rented or leased land do not own the land on which the manufactured home is located and are subject to having the manufactured home removed upon termination of tenancy, "full cash value" for purposes of subdivision (a) does not include any value attributable to the particular site where the manufactured home is located on rented or leased land which would make the sale price of the manufactured home at that location different from its price at some other location on rented or leased land. In determining the "full cash value" of a manufactured home on rented or leased land, the assessor shall take into consideration, among other relevant factors, cost data issued pursuant to Section 401.5 or sales prices listed in recognized value guides for manufactured homes, including, but not limited to, the National Automobile Dealers Association's Manufactured Housing Appraisal Guide.

History.—Stats. 1983, Ch. 807, in effect January 1, 1984, added the subdivision letters and substituted subdivision (b) for " ‘full cash value' does not include any value attributable to the particular site where the mobilehome is located on rented or leased land which would make the sales price of the mobilehome at that location different from the price at some other location on rented or leased land". Stats. 1991, Ch. 796, in effect January 1, 1992, substituted "manufactured home" for "mobilehome" and "manufactured homes" for "mobilehomes" throughout this section, substituted "18005.5" for "18213" after "in Section" in subdivision (a). Stats. 2002, Ch. 775 (SB 2092), in effect January 1, 2003, deleted "such" after "the ‘full cash value' of", added "cost data issued pursuant to Section 401.5 or" after "relevant factors,", substituted "Kelley Blue Book Official Manufactured Housing Guide" for "Kelly Blue Book Manufactured Housing and Mobilehome Guide" after "limited to, the", and substituted "Dealers Association's" for "Dealer Association's Mobilehome" after "National Automobile" in the second sentence of subdivision (b). Stats. 2007, Ch. 596 (AB 382), in effect January 1, 2008, deleted "Kelly Blue Book Official Manufactured Housing Guide and the" after "limited to, the" in the second sentence of subdivision (b).

Note.—Section 3 of Stats. 1983, Ch. 807, provided that no appropriation is made by this act for the purpose of making reimbursement pursuant to these sections. Sec. 4 thereof provided that the provisions of this act shall remain in effect unless and until they are amended or repealed by a later enacted act.