BOE: Solar “Partnership Flips” Do not Trigger Property Tax Reassessment

S.B. 267 excludes partnership flip transactions from a “change in ownership” that would trigger a reassessment of property taxes.

The California Board of Equalization (BOE) recently issued a letter to county assessors clarifying the exclusion of solar projects from property tax reassessments after a “partnership flip transaction.” While solar property has been excluded from the definition of “new construction” that triggers a reassessment of property taxes, S.B. 267, passed in 202…