California Code of Civil Procedure

§ 874.316

CCP § 874.316 Effective Jan 1, 2023Title 10.5 · Part 2 · Ch. 10

Statute text

(a)Except as otherwise provided in subdivisions (b) and (c), the court shall determine the fair market value of the property by ordering an appraisal pursuant to subdivision (d).

(b)If all cotenants have agreed to the value of the property or to another method of valuation, the court shall adopt that value or the value produced by the agreed method of valuation.

(c)If the court determines that the evidentiary value of an appraisal is outweighed by the cost of the appraisal, the court, after an evidentiary hearing, shall determine the fair market value of the property and send notice to the parties of the value.

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Legislative history

Amended by Stats. 2022, Ch. 82, Sec. 7. (AB 2245) Effective January 1, 2023.