If certain criteria are met, property owners displaced from their real property as a result of eminent domain proceedings, acquisition by a public entity, or governmental action resulting in a judgment of inverse condemnation, may transfer the factored base year value of the property taken to a “comparable” replacement property, thus avoiding reappraisal at fair market value.<\/p>\n
The replacement property is considered “comparable” if it is similar in size, utility, and function to the property taken by government action.<\/p>\n
Similar in size<\/strong> is associated with value, not physical characteristics. Property is “similar in size” if its full cash value does not exceed 120% of the award or purchase price for the property taken.<\/p>\n Similar in function and utility<\/strong> means the replacement property is used or will be used in the same manner. In general, function and utility fall into three broad categories: residential property or duplex, commercial property held for income or investment, and agricultural property.<\/p>\n The replacement property must be acquired before a request to transfer the base year value can be considered. Reassessments and refunds will be made retroactively to the date of acquisition of the replacement property for property taken, provided a claim is filed within four years<\/strong> of one of the following dates (whichever is applicable):<\/p>\n Eminent Domain:<\/strong> Acquisition by a Public Entity:<\/strong> Inverse Condemnation:<\/strong> If the property taken was not located in Alameda County, we require that you submit a copy of the recorded deed or other document showing acquisition by a public entity and a copy of your latest tax bill on the property taken.<\/p>\n For more information, please call (510) 272-3787<\/strong>.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":" Acquisition by Public Entity If certain criteria are met, property owners displaced from their real property as a result of eminent domain proceedings, acquisition by a public entity, or governmental action resulting in a judgment of inverse condemnation, may transfer the factored base year value of the property taken to a “comparable” replacement property, thus […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":15,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-447","page","type-page","status-publish","hentry"],"yoast_head":"\nFiling Requirements<\/h2>\n
Date final order of condemnation is recorded or date taxpayer vacates the property, whichever is later.<\/p>\n
Date of conveyance or date taxpayer vacates the property, whichever is later.<\/p>\n
Date the judgment becomes final or date taxpayer vacates the property, whichever is later.<\/p>\nAdditional Information<\/h2>\n