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Title:
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Resolution supporting California Assembly Bill 2857 (AB 2857), which would amend California Revenue and Taxation Code Section 1604 in view of a recent Court of Appeal decision by providing that where a county board of equalization (“CBOE;” in some counties, a/k/a the assessment appeals board or “AAB”) does not timely decide taxpayer’s application for a one-year reduction of assessed value of real property (based on a decline in value, usually attributed to market downturn) or personal property on the local property tax rolls, the taxpayer’s opinion of value will be entered on the roll as the basis for calculating property taxes only for the one tax year covered by the application and not for multiple subsequent tax years.
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Attachments:
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1. Leg_Ver1, 2. Leg_Final
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