Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
250.0000 COLLEGE EXEMPTION
250.0001 Housing. Property used exclusively for the purposes of education as contemplated by section 3(e) of article XIII of the California Constitution and Revenue and Taxation Code section 203 includes housing for students, faculty, administrators, and guests. Where a college acquires an existing apartment complex and students move in as existing tenants leave, only that portion of the complex occupied by students on the lien date will be eligible for the exemption. LTA 1/8/1982 (No. 82/06).