If any property subject to assessment by the board pursuant to Section 19 of Article XIII of the Constitution escapes assessment, the board shall assess it in accordance with Section 864 at its value on the lien date of the year in which it escaped assessment.
Cal. Rev. & Tax. Code § 861
State Assessed Property Escaping Assessment
Applied in 1 court decision — leading case 44 Cal. 3d 208 - Western Oil & Gas Ass'n v. State Board of Equalization (1987)
Most recently applied in 44 Cal. 3d 208 - Western Oil & Gas Ass'n v. State Board of Equalization (December 1987)
Added by Stats. 1977, Ch. 147.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.