California Codes > Revenue and Taxation Code > Division 2 > Part 6 > Chapter 2 > Article 3 – Valuations
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Terms Used In California Codes > Revenue and Taxation Code > Division 2 > Part 6 > Chapter 2 > Article 3 - Valuations
- board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.