California Revenue and Taxation Code

§ 401.10

RTC § 401.10 Effective Jan 1, 2022Div. 1 · Part 2 · Ch. 3 · Art. 1

Statute text

(a)Notwithstanding any other law relating to the determination of the values upon which property taxes are based, values for each tax year from the 1984–85 tax year to the 2025–26 tax year, inclusive, for intercounty pipeline rights-of-way on publicly or privately owned property, including those rights-of-way that are the subject of a change in ownership, new construction, or any other reappraisable event during the period from March 1, 1975, to June 30, 2026, inclusive, shall be rebuttably presumed to be at full cash value for that year, if all of the following conditions are met:

(1)(A) The full cash value is determined to equal a 1975–76 base year value, annually adjusted for inflation in accordance with subdivision (b) of Section 2 of Article XIIIA of the California Constitution, and the 1975–76 base year value was determined in accordance with the following schedule:

(i)Twenty thousand dollars ($20,000) per mile for a high-density property.

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Legislative history

Amended by Stats. 2021, Ch. 433, Sec. 5. (SB 825) Effective January 1, 2022. Repealed as of January 1, 2027, by its own provisions.