California Revenue and Taxation Code

§ 1606

RTC § 1606 Effective Jan 1, 2002Div. 1 · Part 3 · Ch. 1 · Art. 1

Statute text

(a)(1) Any applicant for a change of an assessment on the local roll or the assessor, in those cases where the assessed value of the property involved, as shown on the current assessment roll, exceeds one hundred thousand dollars ($100,000) without regard to any exemptions, may initiate an exchange of information with the other party by submitting the following data to the other party and the clerk in writing:

(A)Information stating the basis of the party’s opinion of value.

(B)When the opinion of value is to be supported with evidence of comparable sales, information identifying the properties with sufficient certainty such as by assessor parcel number, street address or legal description of the property, the approximate date of sale, the applicable zoning, the price paid, and the terms of the sale, if known.

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Legislative history

Amended by Stats. 2001, Ch. 407, Sec. 7. Effective January 1, 2002.