Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
170.0070 Reduction of Penalty. In the event that property has been overassessed and the assessment is ultimately reduced, the amount of a 10 percent penalty imposed pursuant to Revenue and Taxation Code section 463 must also be reduced since the penalty is based upon the amount of the assessment. LTA 1/13/1986 (No. 86/07).