Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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C

220.0000 CHANGE IN OWNERSHIP

Annotation 220.0396

220.0396 Lot Merger. A couple purchased a lot adjacent to their residence. The residential property has a low base year value, and the new lot has a high base year value. The couple wants to adjust the lot line so that the residential property and the new lot are one property. Revenue and Taxation Code section 65.1(a) provides that when an interest in a portion of real property changes ownership, only the interest or portion transferred is to be reappraised. Thus, if a partial change in ownership occurs, only that portion that changes ownership is given a new base year value based upon its full cash value on the change in ownership date, and the remaining portion of the property that did not change ownership retains its existing adjusted base year value. In this situation, the same persons own both the residential property and the new lot. A lot line adjustment affecting only these two parcels would not result in a transfer of a present interest or beneficial use of either lot. As such, the lot line adjustment would not result in a change in ownership. C 7/24/2014.