Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
630.0000 PERSONAL PROPERTY
630.0020 Insurance Company Property. The California Supreme Court held in Mutual Life Insurance of New York v. City of Los Angeles, 50 Cal.3d 402, that personal property owned by insurance companies is exempt from property taxation regardless of whether or not the property is used for insurance related business. LTA 5/17/1990 (No. 90/40).