Assessment of Community Land Trust Housing
Effective September 27, 2016, Assembly Bill (AB) 2818 amended Revenue and Taxation Code section 402.1(a) to require county assessors to recognize qualifying restrictions on owner-occupied homes controlled by community land trusts. Staff is commencing an interested parties process to discuss guidance in light of the amendments to section 402.1(a).
| Date | Description of Task |
|---|---|
| 3/15/2018 | Staff to release letter advising recipients of the project and inviting interested parties to submit proposed changes to the draft Letter to Assessors (LTA) |
| 4/10/2018 | Staff to meet with interested parties to discuss draft LTA |
| 7/12/2018 | Staff to meet with interested parties to discuss the revised draft of the LTA |
| 7/20/2018 | Staff to release revised draft LTA |
| 10/12/2018 | Staff to post issue paper and other related documents for the Board Meeting |
| 10/23/2018 | Board to hear presentations on any unresolved issues regarding the language of the guidelines and adopt guidelines |
| 3/20/2019 | Staff to meet with interested parties to discuss possible solutions to the property tax issues faced by community land trusts |
| 4/24/2019 | Staff to meet with interested parties to discuss possible solutions to the property tax issues faced by community land trusts |
| 2/14/2020 | Staff to release draft LTA and invite interested parties to submit comments |
| 3/20/2020 | Deadline for interested parties to submit proposed changes and comments |
| 1/8/2021 | Staff to release draft LTA and Matrix and invite interested parties to submit comments |
| 2/12/2021 | Deadline for interested parties to submit proposed changes and comments |
| 4/30/2021 | Staff to release draft LTA and Matrix and invite interested parties to submit comments |
| 6/4/2021 | Deadline for interested parties to submit proposed changes and comments |
| 11/16/2021 | Board to hear presentation of Issue Paper 21-003 on a proposed Letter to Assessors for assessment and exemption of community land trust housing for adoption |
| 12/1/2021 | Staff released Letter to Assessors 2021/052 announcing the Board approved and adopted guidance for the assessment and exemption of community land trust housing |