Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 1. General Provisions

Chapter 1. Construction

Section 106

106. "Personal property." "Personal property" includes all property except real estate.

Well equipment.—The physical merchandise constituting an oil well (casing) must be separately listed as personal property. Birch v. Orange County, 59 Cal.App. 133. However, see California Domestic Water Co. v. Los Angeles County, 10 Cal.App. 185, holding that wells, pumping machinery and pipe lines on water-bearing lands, together with such lands, constitute real estate.