Does this contract guarantee a tax break?
No. It does give the taxpayer the best of all worlds in that the taxpayer will always get the lesser of the three values that he is eligible for. He can get the value that was established when the property was last appraised due to a change in ownership, or the Williamson Act. Restricted value or current market value. The Assessor is required to compare these three values and enroll the lesser of the three.