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439.3. Historical Property; notice of nonrenewal.

California Register of Historical Resources — listing regulations; State Historic Rehabilitation Tax Credit procedures · 2026 edition · updated 2026-07-29 · California

Notwithstanding any provision of Section 439.2 to the contrary, if either the county or city or the owner of restricted historical property subject to contract has served notice of nonrenewal as provided in Section 50282 of the Government Code, the county assessor shall value that restricted historical property as provided in this section.

(a) Following the hearing conducted pursuant to Section 50285 of the Government Code, subdivision (b) shall apply until the termination of the period for which the restricted historical property is enforceably restricted.

(b) The board or assessor in each year until the termination of the period for which the property is enforceably restricted shall do all of the following:

(1) Determine the full cash value of the property pursuant to Section 110.1. If the property is not subject to Section 110.1 when the restriction expires, the value shall be determined pursuant to Section 110 as if the property were free of contractual restriction. If the property will be subject to a use for which this chapter provides a special restricted assessment, the value of the property shall be determined as if it were subject to the new restriction.

(2) Determine the value of the property by the capitalization of income method as provided in Section 439.2 and without regard to the fact that a notice of nonrenewal or cancellation has occurred.

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(3) Subtract the value determined in paragraph (2) of this subdivision by capitalization of income from the full cash value determined in paragraph (1).

(4) Using the rate announced by the board pursuant to paragraph (1) of subdivision (b) of Section 439.2, discount the amount obtained in paragraph (3) for the number of years remaining until the termination of the period for which the property is enforceably restricted.

(5) Determine the value of the property by adding the value determined by the capitalization of income method as provided in paragraph (2) and the value obtained in paragraph (4).

(6) Apply the ratios prescribed in Section 401 to the value of the property determined in paragraph (5) to obtain its assessed value.

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▸ Contents — California Register of Historical Resources — listing regulations; State Historic Rehabilitation Tax Credit procedures
California Register of Historical Resources — listing regulations; State Historic Rehabilitation Tax Credit procedures
  1. California State Law & Historic Preservation
  2. TABLE OF CONTENTS
  3. INTRODUCTION
  4. Historical Resources
  5. 5020.7. Legislative Intent.
  6. 5022. Landmark and Point of Interest Plaques.
  7. 5025.12.
  8. 5031. Qualified Historical Property.
  9. 5033. Authority to adopt rules.
  10. Heritage Fund
  11. Creation of funds; administration of funds.
  12. Deposits.
  13. 5079.12.
  14. 5079.13.
  15. 5079.14.
  16. 5079.15.
  17. 5079.21.
  18. 5079.40.
  19. 5079.50.
  20. 5079.51.
  21. 5079.61.
  22. Archeological Sites
  23. 5097.1.
  24. 5097.3.
  25. Native American Heritage
  26. California Environmental Quality Act
  27. Public Records
  28. Capitol View Protection
  29. State Capitol Commission
  30. 9149.6.
  31. 9149.7.
  32. 9149.9.
  33. California Main Street Program
  34. 15399.1. Legislative intent.
  35. 15399.4.
  36. Local Government
  37. City Property
  38. 50280. Restriction of property use.
  39. Fees.
  40. 50282. Renewal.
  41. 50284. Cancellation.
  42. 50285. Consultation with state commission.
  43. 50286. Cancellation.
  44. 50287. Action to enforce contract.
  45. 50288. Eminent domain.
  46. 50289. Annexation by city.
  47. 50290. Consultation with state commission.
  48. 65303. Authority for preservation elements.
  49. Human Remains
  50. Hazardous Buildings
  51. 18950. Short title.
  52. 18951. Purpose.
  53. 18952. Application.
  54. 18953. Intent.
  55. 18954. Repairs, alterations and additions.
  56. 18957. Authorized building and fire officials.
  57. 18961. Review enforcement and administration.
  58. 37600. Short title.
  59. 37601. Legislative finding and declaration.
  60. 37603. Request for information by SHPO.
  61. 37621. Fees.
  62. 37622. Service of loans.
  63. 37623. Powers.
  64. 37624. Revenues.
  65. 37625. Rules and regulations.
  66. 37628. Citizen participation.
  67. 37629. Adoption of criteria of selection.
  68. 37630. Prohibition discrimination.
  69. 37631. Limitation of actions.
  70. 37640. Negotiable bonds.
  71. 37641. Serial or term bonds.
  72. 37642. Terms and conditions.
  73. 37643. Personal liability.
  74. 37644. Purchase by local agency.
  75. 37645. Trust agreements.
  76. 37646. Enforcement rights and duties.
  77. 37647. Payment of bonds.
  78. 37648. Refunding bonds.
  79. 37649. Legal investments.
  80. 37650. Exercise of powers for benefit.
  81. 37660. Financing to participating parties.
  82. 37661. Loan agreements.
  83. 37662. Trust funds.
  84. Easements
  85. 815.1. Conservation easement defined.
  86. 815.2. Interest in real property.
  87. 815.3. Entities authorized to acquire.
  88. 815.4. Grantors.
  89. 815.5. Recordation.
  90. 815.9. Political Subdivision; authority to hold comparable eas…
  91. 815.10. Enforceable restrictions.
  92. Historic Property Restriction
  93. 439.1. Historical Property; definitions.
  94. 439.2. Historical Property; valuation.
  95. 439.3. Historical Property; notice of nonrenewal.
  96. 439.4. Historical Property; recordation.
  97. Destruction of Historical Properties
  98. 4850. Authority.
  99. 4853. Application Format.
  100. 4854. Application Procedures.
  101. 4858. Saving Clause.
  102. Appendix A. A Glossary of Terms as used in the California Regi…
  103. CEQA Guidelines (Title 14, Chapter 3)
  104. 15126.4 Consideration and Discussion of Mitigation Measures Pr…
  105. [NOT INCLUDED]
  106. A Glossary of Terms as used in the California Register of Hist…

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