Section 11315 Of Article 4. Estimated And Escaped Assessments From California Revenue And Taxation Code >> Division 2. >> Part 6. >> Chapter 2. >> Article 4.

. If any property required to be assessed for any year wholly escapes assessment or escapes assessment in part due to the board's underassessing the property because of failure of the taxpayer to report the property accurately, the board shall immediately assess or reassess the property upon the discovery of the escape.