Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Property Tax Annotations
250.0000 COLLEGE EXEMPTION
250.0022 Student Bookstore. The leasehold interests held by for-profit organizations operating bookstores on community college, private college, and state university campuses are considered property used exclusively for public schools, community colleges, private colleges, and state universities. Property "used exclusively" for private college or public school purposes is exempt from property tax under Revenue and Taxation Code section 202, regardless of the for-profit status of the user. C 1/25/2005.