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Board to sponsor bill extending pipeline right-of-way valuation method through 2031
Summary
The Board of Equalization voted to sponsor legislation to extend Revenue and Taxation Code §401.1 — the statutory methodology for valuing intercounty pipeline rights of way — to avoid a 2027 sunset and to give assessors and stakeholders time to reevaluate prescribed values.
The board voted to sponsor legislation that would extend the statutory valuation methodology for intercounty pipeline rights of way (Rev. & Tax. Code §401.1) from its scheduled 2027 sunset to Jan. 1, 2031.
Legislative staff described the statute’s history: following a 1993 court decision that shifted assessment duties for intercounty pipeline rights of way to county assessors, the parties codified an agreed valuation methodology in 1996 as Rev. & Tax. Code §401.1. The statute…
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