Revenue and Taxation Code - RTC
DIVISION 1. PROPERTY TAXATION [50 - 5911]
( Division 1 enacted by Stats. 1939, Ch. 154. ) PART 2. ASSESSMENT [201 - 1367]
( Part 2 enacted by Stats. 1939, Ch. 154. ) CHAPTER 3. Assessment Generally [401 - 681]
( Chapter 3 enacted by Stats. 1939, Ch. 154. ) ARTICLE 3. Arbitrary and Penal Assessments [501 - 506]
( Article 3 enacted by Stats. 1939, Ch. 154. ) 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 25 percent of the additional assessed value so assessed.
(Amended by Stats. 1996, Ch. 1087, Sec. 22. Effective January 1, 1997.)