Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2017
Property Tax Annotations
150.0000 ASSESSED VALUE
150.0011 Definition. The provision in Revenue and Taxation Code section 135 changing the definition of "assessed value," beginning with the 1981-82 fiscal year, does not have a substantive effect upon other statutes that contain the term without specific definition and which have not been amended to reflect the new property tax system revision. OAG 2/10/1982 (No. 81-1101, Vol. 65, p. 136).