Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Revenue and Taxation Code

Property Taxation

Part 9. Corrections, Cancellations, and Refunds

Chapter 2. Corrections

Article 2. Errors on the Board Roll

Section 4876.5

4876.5. Correction of errors caused by the assessee. When it can be ascertained by the board from an audit of an assessee's books of account or other papers that the property of the assessee was incorrectly valued or misclassified for any cause, then to the extent that this error caused the board to assess taxable tangible property which should not have been assessed or to assess it at a higher valuation than the board would have entered on the roll if the error had not occurred, the roll may be corrected under this article at any time within four years after the assessment was made or within the period for which a waiver is given pursuant to Section 868.

History.—Added by Stats. 1961, p. 1578, in effect September 15, 1961. Stats. 1971, p. 3525, in effect March 4, 1972, substituted "four" for "two" in the first sentence. Stats. 1973, Ch. 709, p. 1284, in effect January 1, 1974, substituted "taxable tangible" for "personal" in modification of "property". Stats. 1982, Ch. 1465, in effect January 1, 1983, substituted "the property . . . this error" for "there has been a defect of description or clerical error of the assessee in his property statement or in other information or records furnished to the board which" after "papers that," deleted "substantially" before "higher," and substituted "the error had not occurred," for "information had been correctly furnished to the board, the error on" after "if the". Stats. 1983, Ch. 1281, in effect September 30, 1983, added "or within . . . Section 868" after "was made".