Property taxation: application of base year value: disaster relief.
- Extends the deadline to transfer property tax values after fire damage from 5 to 8 years in specific 2025 disasters.
- Requires property assessments to account for damage-related value reductions from 2025 fire disasters.
- Applies only to properties damaged between January 7-February 1, 2025 in six specified fire disaster areas.
Assembly Member Gipson's property tax relief measure extends crucial deadlines for California property owners rebuilding after the 2025 fires that impacted six specific communities, allowing an additional three years beyond the standard five-year period to transfer base year values to reconstructed properties.
The bill modifies how county assessors determine property values for tax purposes in these disaster areas. For properties damaged between January 7 and February 1, 2025, assessors must calculate January 2025 fair market values by accounting for reductions due to damage, destruction, depreciation, and other factors causing value decline. This applies when property value decreases exceed $10,000 and the property does not qualify for other disaster relief programs.
The measure creates new administrative responsibilities for local tax officials while explicitly stating that no state funds will reimburse local agencies for associated costs or lost property tax revenues. County assessors must implement detailed procedures for comparing original and reconstructed property values to determine appropriate base year values, applying specific criteria regarding size, utility, and function to evaluate whether rebuilt properties qualify as comparable to pre-disaster structures.
This bill was recently introduced. Email the authors to let them know what you think about it.
Introduced By
Latest Voting History
 Sharon Quirk-SilvaD Assembly Member | Committee Member |  Not Contacted | |
 Mike GipsonD Assembly Member | Bill Author | Not Contacted | |
 Tina McKinnorD Assembly Member | Committee Member | Not Contacted | |
 Jasmeet BainsD Assembly Member | Committee Member | Not Contacted | |
 Tri TaR Assembly Member | Committee Member | Not Contacted |
| Bill Number | Title | Introduced Date | Status | Link to Bill |
|---|---|---|---|---|
AB-1500 | Property taxation: application of base year value: disaster relief. | February 2023 | Passed | |
AB-556 | Property taxation: transfer of base year value: disaster relief. | February 2023 | Passed | |
Property taxation: transfer of base year value: disaster relief. | February 2021 | Passed | ||
Property taxation: new construction: damaged or destroyed property. | January 2020 | Passed | ||
Property taxation: new construction: definition. | February 2019 | Vetoed |
- Extends the deadline to transfer property tax values after fire damage from 5 to 8 years in specific 2025 disasters.
- Requires property assessments to account for damage-related value reductions from 2025 fire disasters.
- Applies only to properties damaged between January 7-February 1, 2025 in six specified fire disaster areas.
This bill was recently introduced. Email the authors to let them know what you think about it.
Introduced By
Assembly Member Gipson's property tax relief measure extends crucial deadlines for California property owners rebuilding after the 2025 fires that impacted six specific communities, allowing an additional three years beyond the standard five-year period to transfer base year values to reconstructed properties.
The bill modifies how county assessors determine property values for tax purposes in these disaster areas. For properties damaged between January 7 and February 1, 2025, assessors must calculate January 2025 fair market values by accounting for reductions due to damage, destruction, depreciation, and other factors causing value decline. This applies when property value decreases exceed $10,000 and the property does not qualify for other disaster relief programs.
The measure creates new administrative responsibilities for local tax officials while explicitly stating that no state funds will reimburse local agencies for associated costs or lost property tax revenues. County assessors must implement detailed procedures for comparing original and reconstructed property values to determine appropriate base year values, applying specific criteria regarding size, utility, and function to evaluate whether rebuilt properties qualify as comparable to pre-disaster structures.
Latest Voting History
Sharon Quirk-SilvaD Assembly Member | Committee Member | Not Contacted | |
Mike GipsonD Assembly Member | Bill Author | Not Contacted | |
Tina McKinnorD Assembly Member | Committee Member | Not Contacted | |
Jasmeet BainsD Assembly Member | Committee Member | Not Contacted | |
Tri TaR Assembly Member | Committee Member | Not Contacted |
| Bill Number | Title | Introduced Date | Status | Link to Bill |
|---|---|---|---|---|
AB-1500 | Property taxation: application of base year value: disaster relief. | February 2023 | Passed | |
AB-556 | Property taxation: transfer of base year value: disaster relief. | February 2023 | Passed | |
Property taxation: transfer of base year value: disaster relief. | February 2021 | Passed | ||
Property taxation: new construction: damaged or destroyed property. | January 2020 | Passed | ||
Property taxation: new construction: definition. | February 2019 | Vetoed |