California Revenue and Taxation Code 423.4 – Land subject to a farmland security zone contract specified in …
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Land subject to a farmland security zone contract specified in § 51296.1 of the Government Code shall be valued for assessment purposes at 65 percent of the value under Section 423 or 65 percent of the value under Section 110.1, whichever is lower.
(Amended by Stats. 2002, Ch. 616, Sec. 38. Effective January 1, 2003.)
Terms Used In California Revenue and Taxation Code 423.4
- Contract: A legal written agreement that becomes binding when signed.