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Property Taxes Law Guide – Revision 2017

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620.0000 OPEN-SPACE LANDS

Annotation 620.0015

620.0015 Valuation. As of January 1, 1988, Revenue and Taxation Code section 423 requires a three-part value comparison and directs the assessor to enroll the lesser of either the restricted value, the factored base-year value, or the current market value as determined annually. LTA 6/13/1988 (No. 88/42).