What law governs the appraisal of property in California?

The appraisal of property in California is governed by the California Revenue and Taxation Code. This code provides the legal framework for property taxation, including rules and regulations surrounding the assessment of value for property tax purposes. Appraisers in California are required to follow these rules when conducting appraisals to ensure compliance with state law and to support accurate property assessments for taxation.

The Revenue and Taxation Code outlines the responsibilities of assessors, the methodology for determining property values, and other essential guidelines that apply specifically to property taxation. This legal structure is critical for ensuring that appraisals are fair, consistent, and in alignment with the state's valuation standards.

While the other options reference important aspects of real estate law and regulations, they do not specifically govern the appraisal of property in the same direct manner as the California Revenue and Taxation Code does. The California Property Management Act pertains more to management practices rather than appraisal standards. The California Appraisal Regulations define rules for professional conduct and certification of appraisers but do not govern the appraisal process in terms of taxation directly. The California Real Estate Law deals more broadly with real estate transactions and licensing rather than specifically with the appraisal process itself.