California Revenue and Taxation Code

§ 423.3

RTC § 423.3 Effective Jan 1, 2017Div. 1 · Part 2 · Ch. 3 · Art. 1.5

Statute text

Any city or county may allow land subject to an enforceable restriction under the Williamson Act or a migratory waterfowl habitat contract to be assessed in accordance with one or more of the following:

(a)Land specified in paragraph (1) of subdivision (a) of Section 16142 of the Government Code shall be assessed at the value determined as provided in Section 423, but not to exceed a uniformly applied percentage of its base year value pursuant to Section 110.1, adjusted to reflect the percentage change in the cost of living not to exceed 2 percent per year. In no event shall that percentage be less than 70 percent.

(b)Prime commercial rangeland shall be assessed at the value determined as provided in Section 423, but not to exceed a uniformly applied percentage of its base year value pursuant to Section 110.1, adjusted to reflect the percentage change in the cost of living not to exceed 2 percent per year. In no event shall that percentage be less than 80 percent. For purposes of this subdivision, “prime commercial rangeland” means rangeland that meets all of the following physical-chemical parameters:

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Legislative history

Amended by Stats. 2016, Ch. 86, Sec. 275. (SB 1171) Effective January 1, 2017.