Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > P > 680.0000 PROPERTY STATEMENT > 680.0005

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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P

680.0000 PROPERTY STATEMENT

Annotation 680.0005

680.0005 Aircraft. If an aircraft has an aggregate cost of over $100,000, Revenue and Taxation Code section 441(a) requires the owner to file a signed property statement with the assessor, regardless of whether the assessor makes a request for such a statement. In this situation, if the taxpayer fails to file a property statement, section 463 requires an assessor to add a 10 percent penalty to the assessed value. C 8/8/2013.