Shell Western E & P, Inc. v. County of Lake

Opinion

POCHÉ, Acting P. J.

Revenue and Taxation Code section 1604, subdivision (c) (hereinafter section 1604(c)) provides that if a taxpayer applies to a county board of supervisors acting as the county assessment appeals board for a reduction in the assessed value of real property, and if the board does not act on the application within two years thereafter, and if the parties have not in writing mutually agreed to extend the two-year period, then the taxpayer’s opinion of the property’s market value is to be accepted as the basis of the value “upon which taxes are to be levied.” On this…