(Revenue and Taxation Code 69.4)
The base year value of qualified contaminated property may be transferred, subject to specific conditions and limitations, to a comparable replacement property of equal or lesser value that is located in the same county and is acquired or newly constructed as a replacement for the contaminated property. For additional information see the Board of Equalization's Letter To Assessors #2007/047.
Claim for Transfer of Base Year Value From Qualified Contaminated Property