Governor Signs Assemblymember Aguiar-Curry’s Legislation to Preserve Small Family Farms, Agricultural Open Space
SACRAMENTO, CA – Governor Gavin Newsom signed Assembly Bill 872 by Assemblymember Cecilia Aguiar-Curry (D-Winters) into law late last night. AB 872 addresses an inequity in California’s complicated property tax reassessment laws to help save small family farms.
AB 872 expands the existing change-in-ownership exclusion in property tax law, which allows property to be passed down from a parent to a child without being reassessed to a higher property tax value. This new protection will ensure that if a small, family-owned farm was incorporated prior to Prop 58, it will receive the same family heritage protections that proposition intended.