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June 13, 2012 Written by 

Seismic Safety Construction Exclusion

Revenue & Taxation Code Section 74.5

This claim is for the exclusion from reassessment of seismic retrofitting improvements and improvements utilizing earthquake hazard mitigation technologies to an existing building.

If you are remodelling, repairing, or reconstructing your property, the portion that consists of the construction of seismic components is excluded from valuation.

Seismic Construction only refers to the elements of the project that are certified as retrofitting components. It does not include other elements of remodelling or repair such as electrical, plumbing or other finishing materials.

Example: If you expend $100,000 to remodel, repair or reconstruct your property, and it is deemed that $25,000 consisted of seismic safety construction, then that $25,000 is excluded from valuation.

 Seismic Safety Construction Exclusion Form

 



Real Property Division

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San Jose, CA 95110
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