Property taxation: exemption: low-value properties.

Senator Choi's property tax reform measure proposes raising the maximum exemption threshold for low-value properties from $10,000 to $25,000 between 2026 and 2036, allowing county boards of supervisors to exempt properties whose tax collection costs exceed potential revenue.

The legislation establishes distinct exemption categories, permitting up to $50,000 for possessory interests through 2030 and for temporary uses of public cultural facilities after 2030. County assessors may either remove qualifying properties from assessment rolls or apply the exemption while maintaining uniform standards across property classes. The State Board of Equalization must collect data on exempted values and affected taxpayers, reporting findings annually to the Legislature beginning June 2027.

Local agencies would not receive state reimbursement for revenue reductions resulting from the expanded exemptions. The measure requires a two-thirds vote in both legislative chambers and would take effect immediately upon enactment as a tax levy under the California Constitution.