By Jeremiah J. Moffit, Esq.,* Catherine M. Swafford, Esq.,* Matthew R. Owens, Esq.,* and Courtney A. Sorensen, Esq.*
BOTH VOTING AND NON-VOTING SHARES OF A CORPORATION MUST BE CONSIDERED WHEN DETERMINING OWNERSHIP FOR PURPOSES OF EXCLUSION FROM PROPERTY TAX REASSESSMENT
Prang v. Amen (2020) 58 Cal.App.5th 246
The Second District Court of Appeal, in determining proportionate ownership interests in property for purposes of exclusion from property tax reassessment, held that both voting and non-voting shares of a corporation must be considered.