Builder's Claim for New Construction Exclusion from Supplemental Assessment
Section 75.12 of the California Revenue and Taxation Code provides that any real property on which new construction is completed shall not be added to the supplemental roll until the date the property, in whole or in part:
Changes ownership
Is rented or leased, or
Is occupied or otherwise used by the owner or with the owner’s consent, except as a model home or other use that is incidental to an offer or change of ownership, whichever comes first.
