Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012
 

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 3. Assessment Generally

Article 1. General Requirements

Section 401.3

401.3. Assessment according to value on lien date. The assessor shall assess all property subject to general property taxation on the lien date as provided in Articles XIII and XIII A of the Constitution and any legislative authorization thereunder.

History.—Added by Stats. 1970, p. 390, in effect November 23, 1970. Stats. 1986, Ch. 608, effective January 1, 1987, substituted "on the lien date as provided in Articles XIII and XIII A of the Constitution and any legislative authorization thereunder" for "according to its value on the lien date" after "taxation".