California 2017-2018 Regular Session

California Assembly Bill AB3196

Introduced
2/16/18  

Caption

Historically assessed property.

Impact

By updating the definition of what constitutes an 'enforceably restricted' property, AB3196 aims to provide clear guidelines for property owners and assessors alike. This could impact the valuation of numerous properties with historical significance across California, potentially resulting in more standardized tax assessments. The changes proposed by the bill are mostly nonsubstantive, suggesting that the amendments may just refine existing language rather than introduce significant alterations in policy or application.

Summary

AB3196, introduced by Assembly Member Rubio, seeks to amend Section 439 of the Revenue and Taxation Code in California, specifically regarding historically assessed property. The bill is rooted in the California Constitution, which empowers the legislature to define properties of historical significance and stipulate how such properties should be valued for property tax purposes, particularly under conditions of enforceable restrictions. The core intention of the bill is to ensure clarity and consistency in the classification and taxation process for properties deemed historically significant.

Contention

While the text of the bill appears to focus on technical adjustments, implications arise around its interpretation and execution. Potential contention may emerge regarding what constitutes enforceable restrictions and how extensively properties are assessed based on their historical value. Stakeholders, including property owners and local governments, may have differing opinions on the ramifications of these changes, notably concerning financial impacts and the preservation of historical properties.

Companion Bills

No companion bills found.

Previously Filed As

CA AB1868

Property taxation: assessments: affordable housing.

CA SB734

Property tax: possessory interests.

CA AB3196

Summary proceedings for obtaining possession of real property: demurrers.

CA AB1066

Property taxation: exemption: low-value properties.

CA SB1527

Property taxation: exemption: low-value properties and tribal housing.

CA AB1553

Property taxation: local exemption: possessory interests: publicly owned housing.

CA AB2909

Historical property contracts: qualified historical property: adaptive reuse: City of Los Angeles.

CA AB430

Community land trusts: welfare exemption: assessment: foreclosure sales: financial assistance.

CA SB320

Property taxation: possessory interests: independent: publicly owned housing project.

CA AB556

Property taxation: transfer of base year value: disaster relief.

Similar Bills

CA SB1056

Property taxes: welfare exemption: community land trust.

CA SB56

University of California: transfer of real property.

CA AB2651

Property taxes: welfare exemption: community land trust.

CA SB196

Property taxes: community land trust.

CA SB322

Urban equestrian inclusion zones.

CA AB721

Covenants and restrictions: affordable housing.

CA AB2897

Property tax: welfare exemption: community land trusts.