Open space and historical property valuation
Official text rightpowerlimitif conditionlegal term
To promote the conservation, preservation and continued existence of open space lands, the Legislature may define open space land and shall provide that when this land is enforceably restricted, in a manner specified by the Legislature, to recreation, enjoyment of scenic beauty, use or conservation of natural resources, or production of food or fiber, it shall be valued for property tax purposes only on a basis that is consistent with its restrictions and uses.
To promote the preservation of property of historical significance, the Legislature may define such property and shall provide that when it is enforceably restricted, in a manner specified by the Legislature, it shall be valued for property tax purposes only on a basis that is consistent with its restrictions and uses.
History: Second paragraph added June 8, 1976, by Prop. 7. Res.Ch. 198, 1974. Other Source: Entire Sec. 8 was added Nov. 5, 1974, by Prop. 8; Res.Ch. 70, 1974.
Simplified explanation
The Legislature may define open space land and property of historical significance, and must provide that when such land or property is enforceably restricted, it is valued for property tax purposes only on a basis consistent with its restrictions and uses.