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HomeHealth and Safety CodeDiv. 24Pt. 1Ch. 6Art. 6§ 33673 Redevelopment Property Tax Leases

§ 33673 Redevelopment Property Tax Leases

Health and Safety Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 33673 Redevelopment Property Tax Leases

Key Takeaways

  • •If the government fixes up old buildings or land and then rents them out, the renters have to pay taxes on the whole property, not just their part.
  • •The renters pay taxes like they own the place, even if they don’t.
  • •This rule makes sure the government doesn’t give special tax breaks to renters of fixed-up properties.

Example

The city fixes up an old shopping center and rents it to a store owner.

The store owner has to pay property taxes on the whole shopping center, not just their store space. It’s like they own the whole place for tax purposes.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 33673 Redevelopment Property Tax Leases

Whenever property in any redevelopment project has been redeveloped and thereafter is leased by the redevelopment agency to any person or persons or whenever the agency leases real property in any redevelopment project to any person or persons for redevelopment, the property shall be assessed and taxed in the same manner as privately owned property, and the lease or contract shall provide that the lessee shall pay taxes upon the assessed value of the entire property and not merely the assessed value of his or its leasehold interest. (Added by Stats. 1963, Ch. 1812.)

Last verified: January 23, 2026

Key Terms

redevelopmenttenantcontractleaseproperty

Related Statutes

  • § 33673.1 Redevelopment Lease Assessor Notice
  • § 33607.7 Redevelopment Plan Amendment Limits
  • § 33624 Redevelopment Fund Repayment Rules
  • § 33654 Redevelopment Project Financial Agreements
  • § 33670 Tax Increment Financing Division

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 33673.
View Official Source