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Property taxation: change in ownership.

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

CA AB 1040 · Assembly Bill · 2015–2016

Stage
Session ended
Started in
Assembly
Sponsor
Phil Ting
Latest action
Jul 7, 2015

What it does

The California Constitution generally limits ad valorem taxes on real property to 1% of the full cash value of that property. For purposes of this limitation, "full cash value" is defined as the assessor's valuation of real property as shown on the 1975–76 tax bill under "full cash value" or, thereafter, the appraised value of that real property when purchased, newly constructed, or a change in ownership has occurred.

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Where it stands

This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Current step)

    Passed first chamber · Jul 7, 2015

  4. Law (Needs attention)

    The session ended first

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Work with this bill

Property taxation: change in ownership. | 52