California Revenue and Taxation Code

§ 2826

RTC § 2826Div. 1 · Part 5 · Ch. 3 · Art. 3

Statute text

If the assessor has not set forth the value of personal property, or leasehold improvements, or possessory interests opposite his determination of the value of the parcel, the amount due on the parcel is the sum of the following:

(a)The amount computed by multiplying the assessed value of the parcel by the applicable tax rate for the current year.

(b)That amount of the tax on personal property, or leasehold improvements, or possessory interests computed by multiplying the assessed value by the applicable tax rate for the current year, which bears the same proportion as the value of the parcel bears to the value of the whole assessment excepting the value of such personal property, leasehold improvements, or possessory interests.

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Legislative history

Added by Stats. 1968, Ch. 1293.