Court Extends Deadline for Property Tax Ruling
From Staff and Wire Reports
The California Supreme Court has extended until Aug. 4 its deadline to decide whether to review a property tax case from Orange County.
The lawsuit involves a practice used by assessors in California to “recapture” assessed value when properties recover from a real estate slump. The method allows assessments to rise above the 2% annual growth limit approved by voters in 1978.
A Superior Court judge ruled the practice unconstitutional in 2001. In March, a state appeals court overturned that ruling.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
