California Revenue and Taxation Code

§ 2188.5

RTC § 2188.5 Effective Jan 1, 2007Div. 1 · Part 4 · Ch. 2

Statute text

(a)(1) Subject to the limitations set forth in subdivision (b), whenever real property has been divided into planned developments as defined in Section 11003 of the Business and Professions Code, the interests therein shall be presumed to be the value of each separately owned lot, parcel, or area, and the assessment shall reflect this value, which includes all of the following:

(A)The assessment attributable to the value of the separately owned lot, parcel, or area and the improvements thereon.

(B)The assessment attributable to the share in the common area reserved as an appurtenance of the separately owned lot, parcel, or area.

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Legislative history

Amended by Stats. 2006, Ch. 538, Sec. 610. Effective January 1, 2007.