Section 723 Of Article 1. General Provisions From California Revenue And Taxation Code >> Division 1. >> Part 2. >> Chapter 4. >> Article 1.
723
. The board may use the principle of unit valuation in valuing
properties of an assessee that are operated as a unit in a primary
function of the assessee. When so valued, those properties are known
as "unitary property." Property of an assessee not valued through the
use of the principle of unit valuation are known as "nonunitary
property." When valuing nonunitary property, the board shall consider
current market value information of comparable properties provided
by the assessor just prior to the reappraisal by the board of that
property.