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Bill would raise threshold for taxing low‑value property to reduce compliance burden on small owners
5065999 · June 23, 2025
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Summary
Sponsor presented SB 723 to raise the threshold that triggers property-tax obligations for low‑value assets, arguing many small-scale items cost more to process than the tax revenue they generate; the committee placed the bill on the suspense file.
A senator introduced SB 723 to update California’s property-tax rules for low-value property by increasing the threshold under which local governments would not assess or collect tax on small, low-value assets.
The presenter…
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