Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Revenue and Taxation Code
Part 2. Assessment
Chapter 4. Assessment by State Board of Equalization Generally
Article 2. Assessments*
733. Finality of assessment. (a) If a timely petition for reassessment is not filed with the board, an assessment of unitary or nonunitary property of the assessee shall become final at the expiration of the period specified for filing a petition in the notice given in accordance with Section 731 or Section 732.
(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.—Stats. 1981, Ch. 1132, in effect January 1, 1982, added the first paragraph; added "after a.......filed, a" after "If", and added "for filing a petition" after "specified" in the second paragraph; and added the third paragraph. Stats. 2000, Ch. 647 (SB 2170), in effect January 1, 2001, deleted the former first paragraph which provided, "If the assessee fails to file a declaration of intent to file a petition for reassessment within the period specified in the notice mailed by the board in accordance with Section 731 or Section 732, an assessment of unitary or nonunitary property of the assessee shall become final at the expiration of the period specified. If the assessee files a petition for reassessment within the period specified for filing a declaration of intent to petition, no declaration of intent need be filed."; lettered the former second paragraph as subdivision (a) and deleted ", after a declaration of intent to file a petition has been timely filed," after "If" and substituted "the" for "an" after "property of" therein; and lettered the former third paragraph as subdivision (b).
* Article 2 was added by Stats. 1976, Ch. 877, p. 1991, in effect January 1, 1977.