BOE-65-P

Source: https://www.boe.ca.gov/proptaxes/pdf/sample-boe65p.pdf

This page watermarked sample only. Contact Assessor for actual form. BOE-65-P (P1) REV. 08 (07-25) CLAIM FOR INTRACOUNTY TRANSFER OF BASE YEAR VALUE TO REPLACEMENT PROPERTY FOR PROPERTY DAMAGED OR DESTROYED IN A GOVERNOR-DECLARED DISASTER

A. REPLACEMENT PROPERTY: ASSESSOR'S PARCEL NUMBER

PROPERTY ADDRESS CITY

DATE OF PURCHASE PURCHASE PRICE RECORDER'S DOCUMENT NUMBER

DATE OF COMPLETION OF NEW CONSTRUCTION COST OF NEW CONSTRUCTION Form B. ORIGINAL (FORMER) PROPERTY: ASSESSOR'S PARCEL NUMBER DATE OF DISASTER

PROPERTY ADDRESS CITY ONLY

Was there any new construction to the original property between the date of the last tax bill(s) and the date of disaster? ☐Yes ☐ No If Yes, please explain: Actual

______________________________________________________________________________________________________________________ for ______________________________________________________________________________________________________________________

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C. CLAIMANT INFORMATION Assessor NAME OF CLAIMANT

I certify (or declare) under penalty of the laws of the State of California that the foregoing, and all information herein, is true, correct, and complete to the best of my knowledge and belief.

Additionally, if this form is submitted with an electronic signature, I also certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing, and all information herein, including any accompanying statements or materials, is true, correct, and complete to the best of my knowledge and belief. Contact SIGNATURE OF CLAIMANT DATE

MAILING ADDRESS DAYTIME PHONE NUMBER ( ) CITY, STATE, ZIP E-MAIL ADDRESS

All information provided on the claim is subject to verification. If you have any questions about this form, please contact the Assessor's office. THIS DOCUMENT IS SUBJECT TO PUBLIC INSPECTION

This page watermarked sample only. Contact Assessor for actual form. BOE-65-P (P2) REV. 08 (07-25) GENERAL INFORMATION

Revenue and Taxation Code Section 69 allows owners who own property to transfer the base year value of the original property that has been substantially damaged or destroyed by a disaster to comparable property. The following requirements must be met:

1. The disaster must be a major misfortune or calamity in an area proclaimed by the Governor to be in a state of disaster as a result of the misfortune or calamity;
2. The replacement property must have been acquired or newly constructed within five years* after the date of the disaster (including land); and
3. The buyer of the replacement property must have been the owner of the damaged property. Property is considered damaged or destroyed if it sustains physical damage amounting to more than 50 percent of its full cash value immediately prior to the disaster. Includes diminution in value resulting from disaster caused permanent restricted access. Form
   • Effective October 8, 2023, the period to acquire or newly construct a replacement property is eight years for owners of property that was substantially damaged or destroyed by the Camp Fire during November 1-20, 2018. ONLY

Property is substantially damaged if the land or the improvements sustain physical damage amounting to Actualmore than 50 percent of its full cash value immediately prior to the disaster.

The replacement property must be substantially equivalent to the original. A general definition of substantially forequivalent is similar in size, utility, function, and zoning.

In general, the factored base value of the original property will be applied to the replacement provided that the fair market value of a replacement property on the date of purchase or completion of construction does not exceed 120 percent of full cash value or fair market value of the original property immediately prior to the date of disaster. SAMPLE If the full cash value of the replacement property exceeds 120 percent of the full cash value of the original damaged property, then the amount of the full cash value over 120 percent shall be added to the factored Assessorbase year value of the original parcel. Once the factored base year value is transferred to the replacement property, the damaged property will be reassessed at the lower of its full cash value or the retained factored base year value.

If the full cash value of the replacement property is less than the factored base year value of the original damaged parcel, then the lower value of the new replacement property shall become the factored base value of the replacement parcel. Contact If, after the factored base year value is transferred, reconstruction occurs on the damaged property, the new construction shall be assessed at full cash value.

Co-owners of an original parcel may not independently transfer the original value to two separate properties.

The acquisition of an ownership interest in a legal entity that, directly or indirectly, owns real property is not an acquisition of replacement property under the law.

For further information, contact the Assessor’s Office.