CA SB1464

Amends Revenue and Taxation Code sections related to property tax definitions and procedures, making technical and nonsubstantive changes to provisions governing when real property ownership transfers result in reassessment.

Clarifies that property damage reassessment appeals are made to either the county board of supervisors acting as the county board of equalization or an assessment appeals board established by the county board of supervisors, as applicable.

Corrects terminology from "qualified nonprofit corporation" to "qualified nonprofit organization" regarding property tax exemptions for state-owned property used by nonprofits under agreements with the Department of Parks and Recreation.

Corrects a reference to the Federal Housing Finance Agency (formerly referenced as a different federal agency) in provisions governing property tax valuations for enforceably restricted historical property using the capitalization of income method.