Flightsafety International Inc. v. Los Angeles County Assessment Appeals Board

Opinion

BOLAND, J.

Summary

Under Revenue and Taxation Code section 1604, a county assessment appeals board must hear and decide a taxpayer’s application for reduction of an assessment within two years of the application. If the appeals board fails to act within two years, the taxpayer’s opinion of value becomes the assessed value, both for the year listed in the application and for subsequent years until the board makes a final determination on the application. In this case, under the mandate of section 1604, the appeals board entered the taxpayer’s opinion of value—which was zero—on the…