Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2013
Property Tax Annotations
105.0000 AIRCRAFT OF HISTORICAL SIGNIFICANCE EXEMPTION
105.0051 Late Filing. Pursuant to Revenue and Taxation Code sections 255 and 254, the affidavit for claiming the exemption must be filed annually with the assessor between the lien date and February 15. The only provision for late filing is in section 276.5, which provides that a person filing an affidavit after February 15 but on or before August 1 of the assessment year is eligible for 80 percent of the full reduction. This provision is effective only for 2004 and later years. If an affidavit was not timely filed for years prior to 2004, the exemption is deemed waived under section 6 of article XIII of the California Constitution. C 3/15/2006.