California Revenue and Taxation Code

§ 51

RTC § 51 Effective Jan 1, 2001Div. 1 · Part 0.5 · Ch. 1

Statute text

(a)For purposes of subdivision (b) of Section 2 of Article XIIIA of the California Constitution, for each lien date after the lien date in which the base year value is determined pursuant to Section 110.1, the taxable value of real property shall, except as otherwise provided in subdivision (b) or (c), be the lesser of:

(1)Its base year value, compounded annually since the base year by an inflation factor, which shall be determined as follows:

(A)For any assessment year commencing prior to January 1, 1985, the inflation factor shall be the percentage change in the cost of living, as defined in Section 2212.

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Legislative history

Amended by Stats. 2000, Ch. 647, Sec. 1. Effective January 1, 2001.