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Bill would let counties extend property-tax base-year transfer deadline after governor-declared disasters
Summary
Sen. (presenter) described SB 603, which would authorize county boards of supervisors to extend the five-year deadline for transferring base-year property tax values to replacement properties after a governor-declared disaster by up to three years; the committee placed the bill on the suspense file.
A senator presented SB 603 to the Assembly Committee on Revenue and Taxation, proposing that county boards of supervisors be authorized to extend the five‑year period for transferring a property's base-year property tax value after substantial damage from a governor‑declared disaster.
The author described the current five-year window for transferring base-year values to replacement properties and said recent wildfire recovery experience shows that five years can be insufficient to rebuild and complete replacement property in some counties. “Given the unprecedented wildfires in Los Angeles area this year, it's going to be a huge challenge to see any rebuilding completed in 5 years,” the author said.
Supporters included Rob Grossglauser of the California Assessors Association and Amy Garrett with the California Association of Realtors, both of whom spoke in favor of giving local authorities flexibility to match recovery timelines. Grossglauser said localized flexibility “allows [counties] to appropriately face and try to address unique challenges and recovery conditions.”
SB 603 would authorize boards of supervisors in counties affected by a governor-declared disaster on or after January 1 of the year in question to extend the five-year transfer period by up to three additional years for properties in that county. Supporters emphasized the change is intended to be local and forward‑looking; the bill does not seek retroactive relief, per testimony.
Committee members expressed support in principle; because of fiscal considerations the chair referred SB 603 to the committee suspense file for further review. No final committee vote on passage was recorded at this hearing.
