Proposition 3 (Revenue and Taxation Code 68)

A property owner displaced through eminent domain, public entity acquisition, or a judgment of inverse condemnation may transfer the taken property’s base year value to a comparable replacement property in any county. For additional information see the Board of Equalization Letters to Assessors #2005/007 and #2007/021 and #2016/008. 

Claim For Base Year Value Transfer – Acquisition By Public Entity