§ 11315
51 words·~1 min read·
/ca/revenue-and-taxation-code/11315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any property required to be assessed for any year wholly escapes assessment or escapes assessment in part due to the board’s underassessing the property because of failure of the taxpayer to report the property accurately, the board shall immediately assess or reassess the property upon the discovery of the escape.