All new manufactured homes purchased after June 30, 1980, and those on permanent foundations, regardless of age, are subject to property tax. As with single family homes and other real property, the assessed value of manufactured homes may be increased by no more than 2% annually, unless there is a change in ownership or new construction.
Owners of real property who lease their property to others are known as lessors. The person to whom the property is leased is known as the lessee. The usual lease is of a home, office building or office space, warehouse or other developed property to one or more lessees who occupy and use the structural improvements on the property. However, in some vacant land leases, the lessee builds a structure and those improvements remain the property of the lessee during the term of the lease.
Section 5301 of the California Revenue and Taxation Code requires the annual assessment of non-commercial aircraft to the owners as of January 1 of each year.
Aircraft of historical significance may be eligible for exemption, if certain criteria are met. For more information, call the Exemption Division.