Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2018

Property Tax Annotations

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Annotation 680.0025

680.0025 Exempt Personal Property. Vehicles and equipment that are registered with the California Department of Motor Vehicles or the Department of Housing and Community Development and for which a vehicle license fee is paid are not the type of property subject to local property taxation. Accordingly, such vehicles and equipment are not required to be reported on the business property statement.

Property leased to or owned by private non-profit colleges, free public libraries, or free museums is not automatically exempt. Whether leased or owned by a qualifying organization, a claim for exemption must be filed, and the property may qualify for exemption depending on whether it is used exclusively for the organization's exempt activities. Thus, such property must be included on the business property statement. C 5/11/2009.