CA ACA24

Requires the Legislature to allow transfer of base year value for properties substantially damaged or destroyed by a Governor-declared disaster occurring between January 1, 2017 and July 1, 2018 to comparable replacement property in the same or different county.

Limits intercounty transfers of base year value under this provision to transfers occurring on or after the effective date of the measure.

Defines substantially damaged property as sustaining physical damage exceeding 50 percent of its value immediately before the disaster, including diminution from restricted access.

Requires replacement property to be comparable in size, utility, and function with fair market value comparable to the original property before the disaster.

Requires a two-thirds vote in both houses of the Legislature and must be approved by California voters as a constitutional amendment.