California § 71. 71. (Amended by Stats. 2017, Ch. 80, Sec. 2.)

California Statutes

§ 71. — 71. (Amended by Stats. 2017, Ch. 80, Sec. 2.)

California § 71.

JurisdictionCalifornia

Code RTCRevenue and Taxation Code - RTC

Div. 1.DIVISION 1. PROPERTY TAXATION

Part 0.5.PART 0.5. IMPLEMENTATION OF ARTICLE XIII A OF THE CALIFORNIA CONSTITUTION

Ch. 3.CHAPTER 3. New Construction

This text of California § 71. (71. (Amended by Stats. 2017, Ch. 80, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Revenue and Taxation Code - RTC Code § 71. (2026).

Text

The assessor shall determine the new base year value for the portion of any taxable real property which has been newly constructed. The base year value of the remainder of the property assessed, which did not undergo new construction, shall not be changed. New construction in progress on the lien date shall be appraised at its full value on that date and each lien date thereafter until the date of completion, at which time the entire portion of property which is newly constructed shall be reappraised at its full
						value, and that value shall be the base year value. New construction in progress shall not acquire a base year value on each lien date.

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The assessor shall determine the new base year value for the portion of any taxable real property which has been newly constructed. The base year value of the remainder of the property assessed, which did not undergo new construction, shall not be changed. New construction in progress on the lien date shall be appraised at its full value on that date and each lien date thereafter until the date of completion, at which time the entire portion of property which is newly constructed shall be reappraised at its full
value, and that value shall be the base year value. New construction in progress shall not acquire a base year value on each lien date.