Local government; option to offer a state-wide homestead exemption from ad valorem taxes when current year assessed value exceeds the inflation rate; provide - CA
Local government; option to offer a state-wide homestead exemption from ad valorem taxes when current year assessed value exceeds base year value; provide - CA
Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (EN SEE FISC NOTE LF RV See Note)