{"code":"RTC","codeName":"Revenue and Taxation Code","section":"2516","citation":"Rev. & Tax. Code, § 2516","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. PROPERTY TAXATION [50. - 5911.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1"},{"name":"PART 5. COLLECTION OF TAXES [2501. - 3205.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-5"},{"name":"CHAPTER 1. Medium of Payment [2501. - 2516.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-5/chapter-1"}],"history":"Added by Stats. 1979, Ch. 242.","effective":null,"html":"<p>Upon the failure of a transferee to file a change in ownership statement required by Section <a href=\"/rtc/480\">480</a>, the assessor or the auditor shall immediately enter on the assessment records applicable to the real property, the fact that a penalty has been added to the assessment roll and specify the date and amount thereof.</p>","text":"Upon the failure of a transferee to file a change in ownership statement required by Section 480, the assessor or the auditor shall immediately enter on the assessment records applicable to the real property, the fact that a penalty has been added to the assessment roll and specify the date and amount thereof.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/medium-of-payment-2516","source":"California Legislative Information bulk export (pubinfo)"}