{"code":"RTC","codeName":"Revenue and Taxation Code","section":"504","citation":"Rev. & Tax. Code, § 504","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 2. ASSESSMENT [201. - 1367.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2"},{"name":"CHAPTER 3. Assessment Generally [401. - 681.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3"},{"name":"ARTICLE 3. Arbitrary and Penal Assessments [501. - 506.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3/article-3"}],"history":"Amended by Stats. 1996, Ch. 1087, Sec. 22.   Effective January 1, 1997.","effective":"1997-01-01","html":"<p>There shall be added to any assessment made pursuant to Section <a href=\"/rtc/502\">502</a>, 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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/arbitrary-and-penal-assessments-504","source":"California Legislative Information bulk export (pubinfo)"}