CA SB1352

Defines "substantially equivalent" reconstruction of property damaged by misfortune or calamity to include improvements up to 110% of the original size, allowing property owners to rebuild slightly larger without triggering a property tax reassessment

Applies to lien dates on or after January 1, 2025, for properties damaged or destroyed by misfortune or calamity on or after January 1, 2025

Maintains existing law that only the portion of reconstruction exceeding "substantially equivalent" standards receives a new base year value for property tax purposes

Provides that the state will not reimburse local agencies for any property tax revenues lost as a result of this bill

Introduced by Senator Valladares on February 20, 2026, and requires a majority vote with fiscal committee review