Holland v. Assessment Appeals Board (January 23, 2014). The Santa Barbara County Assessor reassessed property taxes on two stock cooperative mobilehome parks following the sale of mobilehomes in the parks. The assessor used a valuation method recommended by the State Board of Equalization ("SBE") pursuant to Section 62.1 of the Revenue and Taxation Code, which extracts from the reported purchase price of a space the value of the mobilehome and then assigns the remainder of the purchase price to the interest in the park. The mobilehome parks argued for a different method of valuation and litigated the case to the California Supreme Court. The Court deferred to SBE's interpretation of the law.
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