Notwithstanding the provisions of Section 105(b) of this code, in valuing land enforceably restricted pursuant to this article, fruit-bearing or nut-bearing trees and vines on the land and not exempt from taxation shall be valued as land. Any income shall include that which can be expected to be derived from such trees and vines and no other value shall be given such trees and vines for the purpose of assessment.
Cal. Rev. & Tax. Code § 429
Valuation of Open-Space Land Subject to an Enforceable Restriction
Applied in 1 court decision — leading case 127 Cal. App. 3d 295 - Bank of America v. County of Fresno (1981)
Most recently applied in 127 Cal. App. 3d 295 - Bank of America v. County of Fresno (December 1981)
Amended by Stats. 1974, Ch. 311.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.