Full cash value means full cash value, as defined in Section 2 of Article XIII A of the California Constitution and Section 110.1, with any adjustments authorized by those sections, and the full value of any new construction in progress, determined as of the date immediately prior to the date of a purchase by or transfer to an eligible transferee of real property subject to this section.
Full cash value means full cash value, as defined in section 110 of the Revenue and Taxation Code. In the case where the claimant is a victim of a wildfire or natural disaster, the full cash value of the original primary residence is determined in accordance with section 110 of the Revenue and Taxation Code immediately prior to the wildfire or natural disaster, as determined by the county assessor of the county in which the property is located, plus the adjustments permitted by subdivision (b) of section 2 of article XIII A of the California Constitution and subdivision (f) of section 110.1 of the Revenue and Taxation Code, for the period from the date of its sale by the claimant to the date on which the replacement primary residence was purchased or newly constructed.
Full cash value for property tax purposes means the value determined as prescribed by statute. If no statutory method is prescribed, full cash value is synonymous with market value which means the estimate of value that is derived annually by using standard appraisal methods and techniques. Full cash value is the basis for assessing, fixing, determining and levying secondary property taxes.
Examples of Full cash value in a sentence
Full cash value, also known as "market value" or "fair market value," means the amount of cash or its equivalent which property would bring if exposed for sale in the open market.
Full cash value shall not be greater than market value regardless of the method prescribed to determine value for property tax purposes.
Full cash value is the basis for assessing, fixing, determining and levying primary and secondary property taxes on property described in section 42-13304.
CANCELLATION VALUATION: Full cash value of land, as though it were free of contractual restrictions.
Full cash value is set by State law and is for tax assessment purposes only.
More Definitions of Full cash value
Full cash value means full cash value, as defined in Section
Full cash value for property tax purposes means the value
Full cash value means full cash value, as defined in section 110 of the Revenue and Taxation Code.
Full cash value means the county assessor's valuation of real property as shown on the 1975-76 tax bill under "full cash value" or, thereafter, the appraised value of real property when purchased, newly constructed, or a change in ownership has occurred after the 1975 assessment.
Full cash value or “fair market value” means the amount of cash or its equivalent that property would bring if exposed for sale in the open market under conditions in which neither buyer nor seller could take advantage of the exigencies of the other, and both the buyer and the seller have knowledge of all of the uses and purposes to which the property is adapted and for which it is capable of being used, and of the enforceable restrictions upon those uses and purposes.’ (Rev. & Tax. Code, § 110,
Full cash value. ’ means full cash value, as defined in Section 2 of Article XIII A of the California Constitution and Section 110.1, with any adjustments authorized by those sections, and the full value of any
Full cash value. (a) "Full cash value" means the "full cash value" or the "fair market value," as determined pursuant to Section 110, of a mobilehome similarly equipped and installed, including any value attributable to a mobilehome accessory building or structure as defined in Section 18213 of the Health and Safety Code which is sold along with the mobilehome, giving recognition, however, to the exemption provided in subdivision (m) of Section 3 of Article XIII of the Constitution.