# Cal. RTC § 723: Section 723

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S723

## Section

- **Citation:** Cal. RTC § 723
- **Heading:** Section 723
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code rtc / Division 1 / Part 2 / Chapter 4 / Article 1 / Section 723

## Text

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.

## Nearby sections

- [Cal. RTC § 721 Section 721](https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S721.md)
- [Cal. RTC § 721.5 Section 721.5](https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S721.5.md)
- [Cal. RTC § 722 Section 722](https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S722.md)
- [Cal. RTC § 722.5 Section 722.5](https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S722.5.md)
- [Cal. RTC § 723 Section 723](https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S723.md)
- [Cal. RTC § 723.1 Section 723.1](https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S723.1.md)
- [Cal. RTC § 724 Section 724](https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S724.md)
- [Cal. RTC § 725 Section 725](https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S725.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Crtc_D1_P2_C4_A1_S723. Check the current official text before relying on it. Not legal advice.