[Adopted by Ord. 1]
[Amended by Ord. 33]
Taxable property in the City shall be assessed to the persons owning, claiming, possessing, or controlling it, at 12:00 o'clock meridian on the first Monday of March of each year. All tax liens shall attach annually as of 12:00 o'clock meridian on the first Monday of March of each year preceding a fiscal year for which the taxes are levied.
The foregoing provisions shall not apply to taxes assessed or levied for the fiscal year beginning July 1, 1954, and ending June 30, 1955, or for tax liens which attached on May 1, 1954, for the fiscal year beginning July 1, 1954, and ending June 30, 1955, all taxable property heretofore being so assessed at 12:00 meridian on May 1, 1954, and all tax liens having heretofore attached at 12:00 meridian on May 1, 1954, for the fiscal year beginning July 1, 1954, and ending June 30, 1955.
From and after the effective date of this Chapter the duties of assessing property and of collecting taxes, provided by law to be performed by the Assessor and the Tax Collector of the City, shall be performed by the County Assessor and the County Tax Collector of the County of Los Angeles, State of California, in accordance with the provisions of Sections 51500 through 51519 of the Government Code of said State.