Art. XIII, § 7
Exempting low-value real property
Power
Taxes, Money & Commerce
Art. XIII · Taxation
Official text rightpowerlimitif conditionlegal term
The Legislature, two-thirds of the membership of each house concurring, may authorize county boards of supervisors to exempt real property having a full value so low that, if not exempt, the total taxes and applicable subventions on the property would amount to less than the cost of assessing and collecting them.
History: Sec. 7 added Nov. 5, 1974, by Prop. 8. Res.Ch. 70, 1974.
Simplified explanation
With two-thirds of each house concurring, the Legislature may authorize county boards of supervisors to exempt real property worth so little that its taxes and subventions would be less than the cost of assessing and collecting them.