22310 PCH v. County of Los Angeles CA2/5
****** A buyer set a record-breaking transaction when it purchased a home on Malibu’s Carbon Beach for $110 million in April 2018. Because it was an off-market transaction, the purchase price does not presumptively govern the home’s fair market value for purposes of assessing property taxes. The buyer and the local taxing authority therefore presented competing comparative sales analyses to the assessment appeals board, with the buyer a
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