property assessment | firsttuesday Journal

Is the owner of a property used for sporting events entitled to an exclusion from assessed value an allocation for future functional obsolescence?

by David Swistock | Aug 29, 2023 | Appraisal, Bay Area, Laws and Regulations, Real Estate, Recent Case Decisions | 0

Joaquín Torres v. San Francisco Assessment Appeals Board No. 1

Is a developer entitled to exclude from assessed value of a property the income received from subsidies and a property operator’s agreement?

by David Swistock | Aug 28, 2023 | Appraisal, Laws and Regulations, Property Management, Real Estate, Recent Case Decisions | 0

Olympic and Georgia Partners, LLC v. County of Los Angeles

Form-of-the-Week: Request for Notice of Mello-Roos Assessment and Notice of Your Supplemental Property Tax Bill — Forms 137 and 317

by Amy Platero | Apr 1, 2022 | Forms, Real Estate, Tax | 0

Agents use RPI Forms 137 and 317 to notify prospective buyers about the supplemental property taxes and bonded indebtedness they will receive upon transfer of ownership.

Case in point: Does the price paid at a trustee’s foreclosure sale establish a property’s fair market value (FMV)?

by Amy Platero | Apr 15, 2021 | Appraisal, Feature Articles, Real Estate, Tax | 0

An in-depth look into fair market value, assessment and the newest tax laws in California.

Brokerage Reminder: Prop 13 – transactions excluded from reassessment

by ft Editorial Staff | Aug 24, 2020 | Brokerage Reminder, Fundamentals, Investment, Real Estate, Tax, Your Practice | 3

This week’s Broker Reminder looks at Prop 13 and transactions excluded from reassessment.

POLL: Is Prop 13 a regressive tax regime?

by ft Editorial Staff | Jul 18, 2016 | Reader Polls, Real Estate, Tax | 0

Is Prop 13 a regressive tax regime? No, leave Prop 13 alone. (82%, 90 Votes) Yes, it needs to be...

Is a taxpayer required to exhaust administrative remedies before claiming a refund of taxes assessed on property they do not own?

by ft Editorial Staff | Feb 16, 2015 | Laws and Regulations, Real Estate, Recent Case Decisions, Tax | 0

A California Court of Appeals decides.

Rules for the valuation of comparable property

by Sarah Kolvas | Nov 6, 2014 | Appraisal, Laws and Regulations, New Laws, Real Estate, Tax | 0

Calif. Revenue and Taxation Code §402.5 Amended by A.B. 1143 Effective date: September 15, 2014...

Improvement district invalid due to inaccurately weighted votes

by ft Editorial Staff | Jul 19, 2012 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

Facts: A local agency established an improvement district for improvements to benefit all properties located within the district. The engineering firm hired for the project prepared a report allocating portions of the cost of...

Construction of active solar energy systems does not trigger reassessment

by ft Editorial Staff | Nov 1, 2011 | New Laws, Real Estate | 0

This code clarifies the exclusion of an active solar energy system from being considered new construction which triggers property reassessment. Updated 8/1/14 California Revenue & Taxation Code §73 Added by A.B. 15...