AB 245 - Extends the Time that Individuals Have to Rebuild Their Home or Business Following Disaster Before Experiencing a Property Tax Increase - California Key Vote
Timeline
- Executive Signed
- Oct. 10, 2025
- House Concurrence Vote Passed
- Sept. 12, 2025
- Senate Bill Passed
- Sept. 11, 2025
- House Bill Passed
- June 3, 2025
- Introduced
- Jan. 14, 2025
Related Issues
Stage Details
Title: Extends the Time that Individuals Have to Rebuild Their Home or Business Following Disaster Before Experiencing a Property Tax Increase
Signed by Governor Gavin Newsom
Title: Extends the Time that Individuals Have to Rebuild Their Home or Business Following Disaster Before Experiencing a Property Tax Increase
Title: Extends the Time that Individuals Have to Rebuild Their Home or Business Following Disaster Before Experiencing a Property Tax Increase
Vote Smart's Synopsis:
Vote to amend and pass a bill that requires released defendants to show certification completion of a California conservation camp program.
Highlights:
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Authorizes the base year value of property damaged by a disaster to be applied to constructed replacement property within five years after the disaster, as long as the replacement property is comparable to the damaged property (Sec. 1).
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Specifies that if the replacement property’s value exceeds 120 percent of the damaged property’s value, the amount of full cash value over 120 percent will be applied to the value of the damaged property (Sec. 1).
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Authorizes property tax relief to the owners of property that has been substantially damaged (Sec. 1).
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Specifies that this Act takes effect immediately upon passage (Sec. 7).
Title: Extends the Time that Individuals Have to Rebuild Their Home or Business Following Disaster Before Experiencing a Property Tax Increase
Title: Extends the Time that Individuals Have to Rebuild Their Home or Business Following Disaster Before Experiencing a Property Tax Increase