California Revenue and Taxation Code

§ 95.5

RTC § 95.5 Effective Jun 27, 2019Div. 1 · Part 0.5 · Ch. 6 · Art. 1

Statute text

(a)The Legislature finds and declares all of the following:

(1)In recognition of the fact that over 50 percent of annual property tax revenues accrue to K–14 schools and county offices of education, and thereby help to offset the state’s General Fund obligation to those entities, the state has a vested financial interest in ensuring that county assessors have the resources necessary to fairly and efficiently administer the county property tax rolls. Fair and efficient administration includes, but is not limited to, the expeditious enrollment of properties that are newly constructed or that change ownership, the timely levying of supplemental assessments when ownership changes occur, the timely reassessment of property to reflect market values, and the defense of assessed valuations that county assessors believe have been improperly appealed.

(2)It is the intent of the Legislature to establish a three-year pilot program limited to nine competitively selected county assessors’ offices to quantify the benefit of providing county assessors with state grants to improve their ability to discharge these, and related essential duties.

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Legislative history

Amended by Stats. 2019, Ch. 29, Sec. 135. (SB 82) Effective June 27, 2019.