Section 25 Of General Provisions From California Government Code
25
. (a) For purposes of this code, "assessed value" means 25
percent of full value to, and including, the 1980-81 fiscal year, and
100 percent of full value for the 1981-82 fiscal year and fiscal
years thereafter; and, tax rates shall be expressed in dollars, or
fractions thereof, on each one hundred dollars ($100) of assessed
value to, and including, the 1980-81 fiscal year and as a percentage
of full value for the 1981-82 fiscal year and fiscal years
thereafter.
(b) Whenever this code requires comparison of assessed values, tax
rates, or property tax revenues for different years, the assessment
ratios and tax rates shall be adjusted as necessary so that the
comparisons are made on the same basis, and the same amount of tax
revenues would be produced, or the same relative value of an
exemption or subvention will be realized regardless of the method of
expressing tax rates or the assessment ratio utilized.
(c) For purposes of expressing tax rates on the same basis, a tax
rate based on a 25 percent assessment ratio and expressed in dollars,
or fractions thereof, for each one hundred dollars ($100) of
assessed value may be multiplied by a conversion factor of
twenty-five hundredths of 1 percent to determine a rate comparable to
a rate expressed as a percentage of full value; and, a rate
expressed as a percentage of full value may be multiplied by a factor
of 400 to determine a rate comparable to a rate expressed in
dollars, or fractions thereof, for each one hundred dollars ($100) of
assessed value and based on a 25 percent assessment ratio.