Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 50 — Base Year Values
Cal. Rev. & Tax. Code § 50
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2017-07-21
- Current through
- Nov 2, 2026 (California Legislative Counsel)
For purposes of base year values as determined by Section 110.1, values determined for property which is purchased or changes ownership after the 1975 lien date shall be entered on the roll for the lien date next succeeding the date of the purchase or change in ownership. Values determined after…
Citator
Cal. Rev. & Tax. Code § 50 — Base Year Values is in force in the current edition of the Code, and nothing recorded condemns it.
For purposes of base year values as determined by Section 110.1, values determined for property which is purchased or changes ownership after the 1975 lien date shall be entered on the roll for the lien date next succeeding the date of the purchase or change in ownership. Values determined after the 1975 lien date for property which is newly constructed shall be entered on the roll for the lien date next succeeding the date of completion of the new construction. The value of new construction in progress on the lien date shall be entered on the roll as of the lien date. However, the value of new construction in progress shall not be a base year value until completion of that construction, as described in Section 71.