Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Revenue and Taxation Code
Part 2. Assessment
Chapter 4. Assessment by State Board of Equalization Generally
Article 1. General Provisions*
722.5. Local and State assessment dates. (a) Real property assessed by the board pursuant to Section 19 of Article XIII of the California Constitution on January 1, which thereafter becomes subject to local assessment, shall not be assessed locally during the remainder of the assessment year, except as provided in Chapter 3.5 (commencing with Section 75) of Part 0.5 of Division 1.
(b) Personal property that becomes subject to board assessment after January 1, and real property that becomes subject to board assessment on or after January 1, and on or before the following January 1, shall not be state assessed until the assessment year commencing on the latter January 1.
History.—Added by Stats. 1986, Ch. 1457, in effect January 1, 1987. Stats. 1987, Ch. 921, in effect September 22, 1987, added the second sentence to subdivision (a). Stats. 1996, Ch. 499, in effect January 1, 1996, operative January 1, 1997, substituted "assessment year" for "local assessment year commencing within 60 days after January 1" after "remainder of the" in the first sentence, and deleted "For the purposes of Section 75.11, real property which becomes subject to local
assessment after January 1 and before the following March 1 shall be deemed to be subject to local assessment as of March 1.", the former second sentence of subdivision (a); deleted former subdivision (b) which read: "Real property which becomes subject to board assessment pursuant to Section 19 of Article XIII of the California Constitution as the result of a lease, a purchase, a change in ownership, or the creation of a possessory interest after January 1 and before the following March 1 shall be deemed to be subject to board assessment as of January 1."; and relettered former subdivision (c) as (b), substituted "that" for "which" after "real property", and substituted "January" for "March" after "on or after" in subdivision (b).
Note.—Section 8 of Stats. 1987, Ch. 921, provided that no reimbursement is required by this act pursuant to Section 6 of Article XIII B of the California Constitution because the Legislature finds and declares that there are savings as well as costs in this act which, in the aggregate, do not result in additional net costs.
* Article 1 was added by Stats. 1976, Ch. 877, p. 1990, in effect January 1, 1977.