Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
A B C D E F G H I L M N O P R S T U V W
V
850.0000 VALUE
Annotation 850.0031
850.0031 Lesser of Market Value or Factored Value. The enrolled value of newly-acquired property having a fair market value of $100,000 in July but a March 1 value of only $80,000 should be $80,000. It should be noted, however, that that value is the Proposition 8 value and that the base year value is $100,000. C 6/30/1982.