Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > P > 630.0000 PERSONAL PROPERTY > 630.0020

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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P

630.0000 PERSONAL PROPERTY

Annotation 630.0020

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).