Bill > SB1165

This bill, SB 1165, makes a minor, non-substantive change to California property tax law by replacing the word "which" with "that" in a section of the Revenue and Taxation Code that deals with how property tax assessments are updated. Specifically, it clarifies the language regarding when a new base year value is assigned to property that is purchased, changes ownership, or is newly constructed after the 1975 lien date (the date on which property is assessed for tax purposes). The core principle remains that new base year values are generally applied after a purchase, change in ownership, or completion of new construction, with ongoing construction being assessed as of the lien date but not receiving a new base year value until it's finished.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB1165