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Senator Nilo’s bill would let counties extend 5-year window for disaster property tax transfers
Summary
At a California State Senate committee hearing, Senator Nilo presented SB 1053 to allow county boards to extend the five-year period for transferring a property’s tax base year value after a governor-declared disaster by up to three years (for disasters declared on or after Jan. 1, 2026 through Jan. 1, 2031); the committee voted unanimously to advance the bill to Appropriations.
Senator Nilo asked a California State Senate committee to advance SB 1053, a measure that would let county boards of supervisors extend the five-year window for transferring property tax base-year value to replacement property after a governor-declared disaster.
"Existing property tax law already provides that the property tax base year value of real property that is substantially damaged or destroyed by a governor declared disaster may be transferred to a comparable property located within the same county that's acquired or newly constructed within 5 years after the disaster as replacement property,"…
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