News

Korean Air Lines Co., Ltd. v. County of Los Angeles

The Second Appellate District reversed a judgment. The court held that a lessee at a municipally-owned airline terminal had sufficient autonomous authority and control over its use of an area jointly used by other lessees and the public for that use to qualify as independent under R&T. Code 107(a), and under the facts of the case, thus had a taxable possessory interest in the area.

Korean…

Vanguard Car Rental USA, Inc. v. San Mateo, 104 Cal. App. 4th 1316 (Cal. Ct. App.2010)

Summary: A rental car company bror"rght an action against the county for a refund of ad valorem properly taxes on ceftain possessory interests at an airport rental facility. Judgment for county affirmed.

Facts: Vanguard Car Rental USA, Inc., ("Vanguard") operates a car rental business within the rental car facility (RCF) at San Francisco International Airport ("SFO"). SFO…

Here We Go Again

The latest version of the "split roll" initiative

The following law was served to the Attorney General for the preparation of an election measlrre this initiative was tried previously and did not pass.

The proposed law calls for a split roll between owner occupied SFR and commercial property. Excerpts of the proposed law are as follows: "Protect Homeowners and Close…

SB 948 - Effective Jaunuary 1, 2012

This bill, in part allows the tax collector to obtain or access otherwise confidential ffirmation held bythe counff assessor.

Tax Collector Access. This bill adds subdivision (g) to Section 408 of the Revenue and Taxation Code to requre the assessor to disclose information, fumish abstracts, or permit access to records in the assesson office to the tax collector or his or…

SB 507: Effective January 1, 2012

Sponsored by the California Assessors' Association

This bill relates to properly tax change in ownership reporting requirements and related penalties for (1) real propefy transfers that must be reporled to the local counfy assessor and (2) legal entity ownership interest transfers that must be reported to the Board of Equalization (BOE).

Specifically. this bill: 

Real…

ABxl 15: Effective June 28,2011

This bill expressly provides, via uncodified legislative findings and declarations, that a purchaser of a newly constructed active solar energy system that was sold in a sale-leaseback, partnership flip structure, or other transaction, is eligible to receive the property tax new construction exclusion for the system.

Section 1(d) of the bill provides that the amendments made to 73 do not…

2012 Legislation - AB 75: Effective January 1,2012

This bill is related to deceptive business solicitations that imply an official government connection.

Among other things it

  1. Prohibits the use of the term "assessor" in the title, trade or brand name of any solicitation that reasonably could be interpreted or construed as implying a governmental connection. (Business & Professions Code.$17533.6)
  2. Prohibits additional…

Guidelines for Substantiating Additional Obsolescence for Personal Property and Fixtures

LTA 2010-30

The following LTA is from 2010, however, the information in the Guidelines is important to remember as you are auditing and appraising for this new year.

On May 26, 2010, the Board of Equalization approved Guidelines  for Substantiating Additional Obsolescence for Personal Property and Fixtures.

Section…

Access to Assessors Records

LTA 2011-050

Revenue and Taxation Codesection 408 requires county assessors to keep certain information  confidential. Specifically, section 408(a) provides that homeowners' and disabled veterans'  exemption claims, and information and records in an assessor's office that are not required by  law…

Website Location Property Tax Rules

LTA  2011-021

Recently, we made some changes to our website to help improve its usefulness. One ol the changes required moving the location of the Property Tax Rules. Since we believe that some counties have a link from their website to the Rules on our website, it will be necessary for you to change your link.

Old…