Section 74.5 of the Revenue and Taxation Code excludes from assessment that portion of an existing structure that consists of the construction and reconstruction of seismic components.
Must be owned by a veterans’ organization and used/operated exclusively for charitable purposes. Organizational Clearance Certificate is required by the State Board of Equalization.
After the property owner has sold the original principal residence and purchased a replacement property, file the claim form with the Assessor’s office to have the original principal residence base year value transferred to the newly purchased residence.
The college exemption is available for buildings, land, equipment and securities, whether owned or leased which are used exclusively for educational purposes by a non-profit educational institution of collegiate grade.
Documented vessels used primarily for commercial fishing operations or oceanographic studies should use this form to file with the Assessor.
Revenue and Taxation Code section 227 states: "A documented vessel, as defined in Section 130, shall be assessed at 4 percent of its full cash value only if the vessel is engaged or employed exclusively in any of the following: