§ 861
46 words·~1 min read·
/ca/revenue-and-taxation-code/861A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.