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                    <h1>Glossary of Property Tax Terms</h1>
                </div>
                <div class="col-12">
                    <h2 id="A">A</h2>
                    <dl>
                        <dt>Ad Valorem Property Taxation</dt>
                        <dd>Any source of revenue derived from applying a property tax rate to the assessed value of
                            property.
                            <span class="code-ref">(R&T Code 2202)</span></dd>

                        <dt>Agricultural Preserve</dt>
                        <dd>An area devoted to agricultural use, recreational use, and open space use, or any
                            combination of such uses, established under the California Land Conservation Act of 1965.
                            <span class="code-ref">(Gov. Code 51200)</span></dd>

                        <dt>Assessed Value</dt>
                        <dd>One hundred percent of full value for the 1981/82 fiscal year and thereafter; previously 25
                            percent of full value.
                        </dd>

                        <dt>Assessee</dt>
                        <dd>The person to whom the property or tax is assessed.
                            <span class="code-ref">(R&T Code 23)</span></dd>

                        <dt>Assessment Year</dt>
                        <dd>The period beginning with a lien date and ending immediately prior to the succeeding lien
                            date for taxes levied by the same agency.
                            <span class="code-ref">(R&T Code 118)</span></dd>

                        <dt>Assessments (Secured Roll)</dt>
                        <dd>Includes all liens charged on the secured roll not determined by an ad valorem tax rate.
                        </dd>
                    </dl>

                    <h2 id="B">B</h2>
                    <dl>
                        <dt>Board of Equalization (BOE)</dt>
                        <dd>State agency responsible for various tax administration and property tax oversight. Directed
                            by five members, including the State Controller.
                        </dd>

                        <dt>Bonded Indebtedness</dt>
                        <dd>Any bond obligation of a local government approved by voters.</dd>
                    </dl>

                    <h2 id="C">C</h2>
                    <dl>
                        <dt>Consumer Price Index Factor</dt>
                        <dd>The percentage (not exceeding 2% annually) by which the assessed value of real property may
                            be increased.
                            <span class="code-ref">(R&T Code 51)</span></dd>

                        <dt>Current Roll</dt>
                        <dd>The assessment roll containing property on which current taxes are a lien.
                            <span class="code-ref">(R&T Code 109)</span></dd>
                    </dl>

                    <h2 id="E">E</h2>
                    <dl>
                        <dt>ERAF (Educational Revenue Augmentation Fund)</dt>
                        <dd>A fund that accumulates tax shift amounts from counties, cities, and special districts to be
                            allocated to school districts and education offices.
                        </dd>

                        <dt>Exempt Property</dt>
                        <dd>Property owned by the U.S., state, or public entities that becomes tax-exempt under
                            applicable laws.
                        </dd>
                    </dl>

                    <h2 id="F">F</h2>
                    <dl>
                        <dt>Fiscal Year</dt>
                        <dd>A 12-month accounting period, generally from July 1 to June 30 for governmental purposes.
                            <span class="code-ref">(Gov. Code 13290)</span></dd>

                        <dt>Fixture</dt>
                        <dd>An improvement directly tied to or augmenting the function of a trade, industry, or
                            profession.
                        </dd>

                        <dt>Full Value</dt>
                        <dd>Means fair market value, full cash value, or another value standard authorized by law.
                            <span class="code-ref">(R&T Code 110.1 and 110.5)</span></dd>
                    </dl>

                    <h2 id="I">I</h2>
                    <dl>
                        <dt>In Lieu of Sales & Use Tax</dt>
                        <dd>Property tax revenue replacing sales and use tax losses for counties and cities.
                            <span class="code-ref">(R&T Code 97.70)</span></dd>

                        <dt>In Lieu of Vehicle License Fee (VLF)</dt>
                        <dd>Property tax revenue used to replace previous state reimbursements for vehicle license fee
                            backfill amounts.
                            <span class="code-ref">(R&T Code 97.70)</span></dd>
                    </dl>

                    <h2 id="L">L</h2>
                    <dl>
                        <dt>Lien</dt>
                        <dd>A charge against property for unpaid personal property tax, leasehold improvements, or taxes
                            levied by agencies.
                        </dd>

                        <dt>Lien Date</dt>
                        <dd>12:01 a.m. on January 1 preceding the fiscal year; when taxes become a lien on property.
                            <span class="code-ref">(R&T Code 117 & 2192)</span></dd>
                    </dl>

                    <h2 id="M">M</h2>
                    <dl>
                        <dt>Mello-Roos</dt>
                        <dd>A regional financing system allowing voters to approve taxation and debt for infrastructure
                            and services due to new development.
                        </dd>
                    </dl>

                    <h2 id="P">P</h2>
                    <dl>
                        <dt>Personal Property</dt>
                        <dd>All property except real estate (i.e., movable property).
                            <span class="code-ref">(R&T Code 106)</span></dd>

                        <dt>Possessory Interest</dt>
                        <dd>A taxable interest held by a lessee in government-owned property.
                            <span class="code-ref">(R&T Code 107)</span></dd>

                        <dt>Property Tax Rate</dt>
                        <dd>Any rate levied per unit of assessed value of property, including land-only or
                            land-and-improvement rates.
                            <span class="code-ref">(R&T Code 2213)</span></dd>

                        <dt>Property Tax Revenue</dt>
                        <dd>Revenue from property taxation, excluding amounts like those levied for voter-approved debt.
                            <span class="code-ref">(R&T Code 95)</span></dd>

                        <dt>Proposition 13, 1978</dt>
                        <dd>Limits the tax rate to 1% of full cash value plus rates for voter-approved debt.
                            <span class="code-ref">(Constitution XIIIA, R&T Code 110.1 & 93)</span></dd>
                    </dl>

                    <h2 id="R">R</h2>
                    <dl>
                        <dt>Real Estate or Real Property</dt>
                        <dd>Includes land ownership, mineral rights, timber, and improvements.
                            <span class="code-ref">(R&T Code 104)</span></dd>

                        <dt>Religious Exemption</dt>
                        <dd>Tax exemption for property used exclusively for religious purposes.</dd>
                    </dl>

                    <h2 id="S">S</h2>
                    <dl>
                        <dt>Secured Roll</dt>
                        <dd>The part of the assessment roll containing real property secured by a lien.</dd>

                        <dt>Secured Tax Rate</dt>
                        <dd>The rate per $100 of full value needed to generate tax revenues on secured roll properties;
                            capped at 1% plus voter-approved debt.
                            <span class="code-ref">(Constitution XIIIA)</span></dd>

                        <dt>Special Assessments</dt>
                        <dd>Levies on real property to pay for improvements or services based on benefits received—not
                            considered taxes.
                        </dd>

                        <dt>Supplemental Roll</dt>
                        <dd>The roll for the year when property changes ownership or new construction is completed.
                            <span class="code-ref">(R&T Code 75.11)</span></dd>
                    </dl>

                    <h2 id="T">T</h2>
                    <dl>
                        <dt>Tax Defaulted Property</dt>
                        <dd>Real property with a tax lien declared in default by the Tax Collector.
                            <span class="code-ref">(R&T Code 126)</span></dd>

                        <dt>Tax Rate</dt>
                        <dd>Ratio of tax requirement to assessed value; max ad valorem tax is 1% of full cash value.
                            <span class="code-ref">(Constitution XIIIA)</span></dd>

                        <dt>Tax Rate Area</dt>
                        <dd>A geographic area under the same combination of taxing jurisdictions.</dd>

                        <dt>Teeter Plan</dt>
                        <dd>An alternative method for distributing secured property taxes and assessments.
                            <span class="code-ref">(R&T Code 4701 FF)</span></dd>
                    </dl>

                    <h2 id="U">U</h2>
                    <dl>
                        <dt>Unsecured Property</dt>
                        <dd>Property whose taxes are not secured by a lien on real property.
                            <span class="code-ref">(R&T Code 134)</span></dd>

                        <dt>Unsecured Roll</dt>
                        <dd>The part of the assessment roll with business personal property not secured by real property
                            liens.
                        </dd>

                        <dt>Unsecured Tax Rate</dt>
                        <dd>The prior year's secured tax rate.
                            <span class="code-ref">(Constitution XIII Sec. 12, Gov. Code 29107)</span></dd>
                    </dl>
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