§ 25131
50 words·~1 min read·
/ca/revenue-and-taxation-code/25131A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The average value of property shall be determined by averaging the values at the beginning and ending of the taxable year but the Franchise Tax Board may require the averaging of monthly values during the taxable year if reasonably required to reflect properly the average value of the taxpayer’s property.