Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > B > 200.0000 BASE YEAR VALUE TRANSFER > 200.0093.005

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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B

200.0000 BASE YEAR VALUE TRANSFER

(a) BASE YEAR VALUE TRANSFER – PRINCIPAL RESIDENCE

Annotation 200.0093.005

200.0093.005 Purchase. The purchase of an accessory dwelling combined with the execution of a ground lease for 35 years or more or the outright purchase of that portion of land on which the dwelling is located qualifies as the purchase of a replacement property for purposes of the base year value transfer exclusion under Revenue and Taxation section 69.5(g)(3), as long as the accessory dwelling constitutes the claimant's place of abode and principal residence. C 4/2/2013.