Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 4. Assessment by State Board of Equalization Generally

Article 5. Property Statements*

Section 828

828. Information. [Repealed by Stats. 1977, Ch. 147, in effect January 1, 1978.]

828. Information. Any person with knowledge or records pertinent to the appraisal of state-assessed property shall make them available to the board on request. The person shall make available at his principal place of business, principal location, or principal address in California, or at a place mutually agreeable to the board and the person, a true copy of business records relevant to the amount, cost, and value of all property that he owns, claims, possesses, or controls within the state.

History.—Added by Stats. 1977, Ch. 147, in effect January 1, 1978. Stats. 1979, Ch. 516, in effect January 1, 1980, added the second sentence.

Prospective strategic plan.—Portions of a railroad's confidential corporate strategic plan dealing with possible future acquisitions were not reasonably relevant to a legitimate inquiry by the Board regarding assessment of the railroad's existing taxable property, and the Board therefore could not compel their disclosure. Only income from existing property may be capitalized under the income valuation method used to assess the railroad. Thus, the information was irrelevant, because possible future acquisitions could not affect the existing property's fair market value. Union Pacific Railroad Co. v. State Board of Equalization, 49 Cal.3d 138.

* Article 5 heading was amended and renumbered by Stats. 1976, Ch. 877, p. 1994, in effect January 1, 1977.