Kings County Municipal Code Art. IX Low Value Assessments

(a) The assessor may exempt from taxation all real property or combined personal property and fixture value, subject to the limits set forth in Revenue and Taxation Code section 155.20. Possessory interests may be exempt from taxation if they are for a temporary and transitory use, in a publicly owned fairground, fairground facility, convention facility, or cultural facility.

(b) Pursuant to Revenue and Taxation Code section 52, this section does not apply to:

(1) Property that is enforeceably restricted,

(2) Property restricted to timberland use,

(3) Property used exclusively for nonprofit golf course purposes, and

(4) Property owned by a local government which is located outside of its boundaries.

(Ord. No. 708, § 1, 12-13-22)

The assessor may cancel any supplemental assessment where that assessment would result in an amount of taxes due which is less than the cost of assessing and collecting them. No supplemental assessment shall be canceled pursuant to this section if the amount of taxes resulting from that supplemental assessment would exceed the amount allowed by Revenue and Taxation Code section 75.55.

(Ord. No. 708, § 1, 12-13-22)

The assessor is hereby prohibited from making an escape assessment of an appraisal unit where that assessment would result in an amount of taxes due which is less than the cost of assessing and collecting them. This section shall not apply to any escape assessment of an appraisal unit if the amount of taxes resulting from the escape assessment would exceed the amount set forth in Revenue and Taxation Code section 531.9.

(Ord. No. 708, § 1, 12-13-22)