Laws, Regulations & Annotations

B

200.0000 BASE YEAR VALUE TRANSFER

(c) BASE YEAR VALUE TRANSFER – DISASTER RELIEF

Annotation 200.0431

200.0431 Replacement Property. If the owner of a two story residence removes what is left of the second story after a fire and reconstructs and roofs the first story, assessment relief would be possible under Revenue and Taxation Code section 70 or section 170. If, however, a replacement residence is constructed, relief would not be available under these sections. After July 1, 1985, relief under Revenue and Taxation Code section 69 would be available for the new residence, providing all the requirements of the section were met. The context in which the terms "replacement" and "reconstruction" are used in the sections makes it clear that these terms are not intended to be synonymous. C 7/10/1986.