Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2010
 

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 4. Assessment by State Board of Equalization Generally

Article 4. Assessment Estimates and Assessment Roll*

Section 759

759. Finality of assessment. (a) If a timely petition for reassessment is not filed in accordance with the notice provided by the board pursuant to Section 758, an escape assessment or roll correction shall become final at the expiration of the period for filing a petition for reassessment specified by that notice.

(b) The board may extend the period for filing a petition for reassessment once for a period not to exceed 15 days, provided a written request for the extension is filed with the board prior to the expiration of the period for which the extension may be granted.

History.—Added by Stats. 1991, Ch. 646, in effect January 1, 1992. Stats. 2000, Ch. 647 (SB 2170), in effect January 1, 2001, deleted former subdivision (a), which provided "If the assessee fails to timely file a declaration of intent to petition for reassessment in accordance with the notice provided by the board pursuant to Section 758, an escape assessment or roll correction shall become final at the expiration of the period for the filing of a declaration of intent specified by that notice. If the assessee files a petition for reassessment within the period specified for filing a declaration of intent, no declaration of intent shall be required."; relettered former subdivision (b) as subdivision (a), and substituted "If a timely" for "If, following the timely filing of a declaration of intent to petition for reassessment, a" before "petition for" and deleted "timely" after "is not" in the first sentence therein; and relettered former subdivision (c) as (b), and substituted "period for which the extension may be granted" for "noticed period for filing a petition for reassessment" after "of the" in the first sentence therein.

* Article 4 heading was added by Stats. 1976, Ch. 877, p. 1993, in effect January 1, 1977.