SECTIONS 1815-1817 - California Statutes

REVENUE AND TAXATION CODE

SECTION 1815-1817

1815. When valuing property, the board shall follow the provisions
set forth in Section 402.5.

1816. When valuing property other than "state-assessed property" as
defined in Section 108, the board shall be subject to the same
valuation considerations and methods applicable to assessors as
provided by this code.

1817. Commencing with the 1987-88 fiscal year and annually
thereafter, the board shall determine the statewide and
county-by-county ratio of assessed value to fair market value of
locally assessed commercial and industrial real property in
California. The board shall publish these ratios.
The board shall determine these ratios by sales-assessment ratio
studies of commercial and industrial property which has been
transferred, which may be supplemented by board appraisals and by
review of the amount of new construction added to the assessment
rolls each year. The board shall conduct ratio studies in accordance
with statistical principles applicable to those studies.
For this purpose, the board and its duly authorized
representatives shall have access to all records, public or
otherwise, of any county assessor, and further, the board shall
prescribe by rules the information which shall be necessary to be
developed by the county assessors to enable the board to perform
sales-assessment ratio studies and the format in which the data or
information shall be transmitted by the county assessors to the
board.