{"code":"RTC","codeName":"Revenue and Taxation Code","section":"423.4","citation":"Rev. & Tax. Code, § 423.4","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. PROPERTY TAXATION [50. - 5911.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1"},{"name":"PART 2. ASSESSMENT [201. - 1367.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2"},{"name":"CHAPTER 3. Assessment Generally [401. - 681.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3"},{"name":"ARTICLE 1.5. Valuation of Open-Space Land Subject to an Enforceable Restriction [421. - 430.5.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3/article-1.5"}],"history":"Amended by Stats. 2002, Ch. 616, Sec. 38.   Effective January 1, 2003.","effective":"2003-01-01","html":"<p>Land subject to a farmland security zone contract specified in Section <a href=\"/gov/51296.1\">51296.1</a> of the Government Code shall be valued for assessment purposes at 65 percent of the value under Section <a href=\"/rtc/423\">423</a> or <a href=\"/rtc/65\">65</a> percent of the value under Section <a href=\"/rtc/110.1\">110.1</a>, whichever is lower.</p>","text":"Land subject to a farmland security zone contract specified in Section 51296.1 of the Government Code shall be valued for assessment purposes at 65 percent of the value under Section 423 or 65 percent of the value under Section 110.1, whichever is lower.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/valuation-of-open-space-land-subject-to-an-enforceable-423-4","source":"California Legislative Information bulk export (pubinfo)"}