California · Revenue and Taxation Code - RTC

RTC §504: There shall be added to any assessment made pursuant to Section 502, except those assessments as are placed on the current roll prior to the time it is originally completed and published, a penalty of

What this law says, in plain English

A penalty is added to property assessments made under Section 502, except for assessments already on the current roll before its original completion and publication.

Read the full statutory text

There shall be added to any assessment made pursuant to Section 502, except those assessments as are placed on the current roll prior to the time it is originally completed and published, a penalty of 25 percent of the additional assessed value so assessed.

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