CA SB603

Allows county boards of supervisors to extend the deadline for transferring property tax base year values from disaster-damaged properties to replacement properties by up to 3 additional years (from 5 years to 8 years total)

Applies to counties where the Governor declared a state of emergency or disaster on or after January 1, 2025, but before January 1, 2030

The extension authority and base year value determinations apply only to lien dates occurring between January 1, 2025, and January 1, 2030

The state will not reimburse local agencies for any property tax revenue losses resulting from this bill

Takes effect immediately as a tax levy