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PTLG Table of Contents > Property Tax Annotations > L > 535.0000 LAND USE RESTRICTIONS > 535.0005

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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535.0000 LAND USE RESTRICTIONS

Annotation 535.0005

535.0005 City Ordinance or Contract—Affordable Housing. In assessing townhomes purchased at a discount by low to moderate income individuals, as defined in a city affordability schedule, and on which the city imposed resale controls designed to maintain the availability of affordable housing, the assessor should recognize these limitations as enforceable restrictions under Revenue and Taxation Code section 402.1 similar to those discussed in LTA 81/1974. LTA 7/7/1981 (No. 81/74); C 12/13/1993.