Section 861 Of Article 6. State Assessed Property Escaping Assessment From California Revenue And Taxation Code >> Division 1. >> Part 2. >> Chapter 4. >> Article 6.

. If any property subject to assessment by the board pursuant to Section 19 of Article XIII of the Constitution escapes assessment, the board shall assess it in accordance with Section 864 at its value on the lien date of the year in which it escaped assessment.