California Court of Appeal
Ocean Avenue LLC v. County of Los Angeles, B246499
The trial court properly concluded that defendant's Assessor should not have reassessed plaintiff's property as of July 7, 2006, and that plaintiff was entitled to a judgment for a tax refund, where there is not a Proposition 13 change in ownership of property held by a limited liability company when all of its membership interests are sold but no one person or entity obtains, directly or indirectly, more than a 50 percent interest in the capital and profits.
Appellate Information
- Decided 06/24/2014
- Published 06/24/2014
Judges
- ASHMANN-GERST
Court
- California Court of Appeal