California Assembly Bill AB1645 Introduced / Bill

 BILL NUMBER: AB 1645INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Alejo FEBRUARY 11, 2014 An act to amend Section 2188.3 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGEST AB 1645, as introduced, Alejo. Property taxation: condominiums: assessment. Existing property tax law requires real property to be assessed in a specified manner when it has been divided into condominiums, as defined. This bill would make technical, nonsubstantive changes to that provision. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 2188.3 of the Revenue and Taxation Code is amended to read: 2188.3. Whenever real property has been divided into condominiums, as defined in Section 783 of the Civil Code,  (a)     each   both of the following shall apply:   (a)     Each  condominium owned in fee shall be separately assessed to the owner thereof, and the tax on each  such  condominium shall constitute a lien solely thereon  ; (b)     each   .   (b)     Each  condominium not owned in fee shall be separately assessed, as if it were owned in fee, to the owner of the condominium or the owner of the fee or both (and the tax on each  such  condominium shall be a lien solely on the interest of the owner of the fee in the real property included in  such   the  condominium and on  such   the  condominium), if so agreed by the assessor in a writing of record;  such an   the  agreement shall be binding upon  such   the  assessor and his  or her  successors in office with respect to  such   the  project so long as it continues to be divided into condominiums in the same manner as that in effect when the agreement was made.