Declines in Value Resources
The following resources provide information and guidance on the Declines in Value Survey Topic.
California Constitution
| Citation | Title |
|---|---|
| Article XIII A, §2 | Tax Limitation |
Revenue and Taxation Code
| Section | Title |
|---|---|
| 50-53 | Base Year Values |
| 601-623 | Assessment Roll |
| 1601-1616 | Equalization by County Board of Equalization Generally |
| 4831-4842 | Corrections Generally |
Property Tax Rules
The BOE is mandated to prescribe rules and regulations to govern local boards of equalization when equalizing and Assessors when assessing in compliance with the rulemaking procedures adopted by the California Office of Administrative Law. Pursuant to that mandate, the BOE has adopted various Property Tax Rules which are contained in Title 18 of the California Code of Regulations.
The following Property Tax Rules pertain to declines in value.
| Rule | Title |
|---|---|
| 461 | Real Property Value Changes |
| 474 | Petroleum Refining Properties (in effect October 1, 2015) |
Letters To Assessors (LTAs)
LTAs provide an ongoing advisory service for Assessors and other interested parties. The letters present BOE staff's interpretation of rules, laws, and court decisions on property tax assessment.
The following LTAs pertain to procedural issues involving declines in value.
| Letter to Assessor | Title |
|---|---|
| 79/39 | Real Property Value Changes |
| 79/59 | Effect of Proposition 8 Upon Machinery and Equipment Valuation |
| 79/143 | Effect of Assembly Bill 1488 Upon Fixtures and Machinery and Equipment Classified as Improvements |
| 81/19 | Recent Judicial Decisions |
| 82/25 | The Consumer Price Index and Property Having Stagnant or Declining Value |
| 86/36 | Declines in Values on First Lien Date (Proposition 8) |
| 92/24 | Declines in Value |
| 92/63 | Declines in Value Assessment Uniformity |
| 93/71 | Declines in Value: Notification of Amount of Assessment |
| 95/54 | Assessment Appeals and Roll Corrections |
| 96/52 | Chapter 491 (SB 821), Chapter 497 (SB 722), Chapter 527 (SB 716), Statutes of 1995 |
| 2004/060 | County of Orange v. Renee M. Bezaire |
| 2009/024 | Decline in Value: Excluded New Construction |
| 2009/038 | Errors in Assessed Values Established Under Proposition 8 |
| 2011/051 | Decline in Value Roll Corrections: Floating Homes and Manufactured Homes |
| 2012/053 | Guidelines for Active Solar Energy Systems New Construction Exclusion |
| 2014/023 | Guidance Regarding Taxable Possessory Interests Property Taxable Rule 21(d), Term of Possession for Valuation Purposes |
| 2024/031 | Active Solar Energy System New Construction Exclusion: Clarification of Sunset Date Extension |
Annotated Legal Opinions
Annotated legal opinions are summaries of the conclusions reached in selected legal rulings of California State Board of Equalization counsel.
The following legal opinions pertain to questions involving declines in value.
| Annotated Legal Opinion | Title |
|---|---|
| 170.0090 | Stagnant or Declining Values |
| 850.0015 | Decline in Value |
| 850.0016 | Decline in Value |
| 850.0017 | Decline in Value |
| 850.0018 | Decline in Value |
| 850.0019 | Decline in Value |
| 850.0020 | Decline in Value |
| 850.0030 | Lesser of Market Value or Factored Value |
| 850.0031 | Lesser of Market Value or Factored Value |
| 850.0045 | Notice |
| 850.0080 | Taxable Value Less than Trended Base Year Value |
California Consumer Price Index
Current and prior year inflation factors are available on the LTA webpage. Select the appropriate year and search for the California Consumer Price Index LTA or use the Topical Index to search by topic.