Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2010
 

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 3. Assessment Generally

Article 3. Arbitrary and Penal Assessments

Section 504

504. Penalty assessments; amounts. There shall be added to any assessment made pursuant to Section 502, except those assessments as are placed on the current roll prior to the time it is originally completed and published, a penalty of 25 percent of the additional assessed value so assessed.

History.—Added by Stats. 1967, p. 3337, in effect November 8, 1967. Stats. 1994, Ch. 544, in effect January 1, 1995, added subdivision letter designation (a) before "There", substituted "Section 502" for "Sections 502 or 503" after "pursuant to", substituted "those" for "such" after "except", and substituted "on" for "in" after "placed" in the first paragraph; and added subdivision (b).Stats. 1996, Ch. 1087, in effect January 1, 1997, deleted subdivision letter designation (a) before "There", and deleted former subdivision (b) which provided that "There shall be added to any assessment made pursuant to Section 503, except those assessments as are placed on the current roll prior to the time it is originally completed and published, a penalty of 75 percent of the additional assessed value so assessed."

Constitutionality.—Former section 504 did not violate the separation of powers or due process provisions of the constitution. L. B. Foster Co. v. Los Angeles County, 265 Cal.App.2d 24.