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California Revenue and Taxation Code

§ 865

RTC § 865Div. 1 · Part 2 · Ch. 4 · Art. 6

Statute text

View on leginfo.ca.gov
When the value of a state assessee’s unitary property that lies in more than one tax-rate area has been underallocated to one or more tax-rate areas and overallocated by a like amount to one or more other tax-rate areas for any reason, the misallocation shall be corrected by the board either by orders directing local auditors to amend the rolls for the fiscal year in which the misallocation is discovered or by changes on the board rolls for the fiscal year succeeding discovery.

Legislative history

Added by Stats. 1977, Ch. 147.

Source: California Revenue and Taxation Code § 865 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.