California SB1437 establishes specific tax assessment rules for intercounty pipeline rights-of-way.

California SB1437 amends Section 401.10 of the Revenue and Taxation Code to set specific valuation standards for intercounty pipeline rights-of-way. It establishes a base value for these rights-of-way based on property density and adjusts it annually for inflation. The bill specifies that if the assessor assigns values for any tax year from 1984-85 to 2030-31 in accordance with these standards, the taxpayer's right to challenge the assessment is deemed resolved.

California SB1437 establishes specific tax assessment rules for intercounty pipeline rights-of-way.

California SB1437 amends Section 401.10 of the Revenue and Taxation Code to set specific valuation standards for intercounty pipeline rights-of-way. It establishes a base value for these rights-of-way based on property density and adjusts it annually for inflation. The bill specifies that if the assessor assigns values for any tax year from 1984-85 to 2030-31 in accordance with these standards, the taxpayer's right to challenge the assessment is deemed resolved.