Calif. Revenue and Taxation Code §§463 and 483
Amended by A. B. 571
Effective date: January 1, 2016

An owner of real estate is subject to penalties for failing to properly and timely file a change of ownership statement or annual property statement. The owner may now receive a penalty abatement judgment for their failure to timely file if they prove the failure was due to reasonable causes beyond their control.

Editor’s note – This bill does not provide substantial changes to existing law. Instead, it is intended to ensure penalty abatement is applied with equal standards to various property tax provisions.

Read the bill text.