Proposed Amendments to Property Tax Rule 462.500, Change in Ownership of Real Property Acquired to Replace Property Taken by Governmental Action of Eminent Domain Proceedings
The State Board of Equalization proposes to adopt amendments to Property Tax Rule 462.500, Change in Ownership of Real Property Acquired to Replace Property Taken by Governmental Action of Eminent Domain Proceedings, to conform to amended Revenue and Taxation Code section 68, specifying that for filings made after the four-year deadline, the adjusted base year value transfer will be limited to the year filed and the last four fiscal years. For additional information on the Interested Parties Process for this rulemaking effort, please refer to its Property Tax Project page.
| Date | Description of Task |
|---|---|
| 06/23/2020 | Approval by the Board to Publish Notice |
| 07/14/2020 | Staff submitted initial rulemaking documents to OAL. |
| 08/07/2020 | Notice of Proposed Regulatory Action |
| 09/22/2020 | Public Hearing held at September 22, 2020 Board Meeting The Board adopted the amendments to Rule 462.500 |
| 4/20/2021 | Final rulemaking package submitted to Office of Administrative Law |
| 06/08/2021 | Rule 462.500 amendments approved by Office of Administrative Law |
| 10/01/2021 | Effective Date of (Amended) Property Tax Rule. Staff will send a letter to interested parties and update the Board's Property Tax Rules |
For the full list and status of pending regulations, please see the Status of Board of Equalization's Proposed Rules and Regulations.
To learn more about the rulemaking process, please see Rulemaking Protocol.