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#1
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Property Tax on gliders in California?
Have received a letter from the tax assessor requesting location and value info
on my glider for the purpose of property tax assessment. I am curious, why now? Since I have owned the glider almost 5 years already, I wonder if it took that long for the County/State to catch up on the paperwork. The letter refers to California revenue and tax code section 5362, and I have reviewed the entire section 53xx and found no specific inclusion or exclusion of gliders or sailplanes. I will of course be bringing this up with my tax accountant, but wondered if any other glider owners have experienced a similar situation? - Mark Navarre 2/5 black ace LoCal, USA - |
#2
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Mark:
It just took them 5 years to catch up with you. With any luck, they won't assess taxes and penalties for the last 5 years. Greg (paying property tax on his glider in Santa Barbara County) Mark Navarre wrote: Have received a letter from the tax assessor requesting location and value info on my glider for the purpose of property tax assessment. I am curious, why now? Since I have owned the glider almost 5 years already, I wonder if it took that long for the County/State to catch up on the paperwork. The letter refers to California revenue and tax code section 5362, and I have reviewed the entire section 53xx and found no specific inclusion or exclusion of gliders or sailplanes. I will of course be bringing this up with my tax accountant, but wondered if any other glider owners have experienced a similar situation? - Mark Navarre 2/5 black ace LoCal, USA - |
#3
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if the tax law says ... personal property.. it's taxable
if it specifies.. "aircraft".. it's taxable.. In this era of tight budgets, many state and county/local governments are realizing that there are taxes out there they have not collected that they legally could. Our local county assessor did a search on all aircraft in the FAA data base based on zip code registrations and then mailed out "tax forms" to the registered owner. Our club even received forms on aircraft that had long since been destroyed and the owner did not "un register" it. They were kind enough to ask when it entered the county and value at that time, then they "depreciated" the value to current year and sent a tax bill. Many "gliders" don't get "caught" because they are always in the trailer and not kept at the airport so the local airport watch dogs don't see the N-number to "run it". But then the assessor's office gets smart that they can do a FAA data base search based on locality of registration, and they "gotcha". A $100K value aircraft pays the same tax rate as a $100K house, in this state/county anyway. But the aircraft "depreciates" on the tax rolls, and the house "appreciates". BT "Mark Navarre" wrote in message ... Have received a letter from the tax assessor requesting location and value info on my glider for the purpose of property tax assessment. I am curious, why now? Since I have owned the glider almost 5 years already, I wonder if it took that long for the County/State to catch up on the paperwork. The letter refers to California revenue and tax code section 5362, and I have reviewed the entire section 53xx and found no specific inclusion or exclusion of gliders or sailplanes. I will of course be bringing this up with my tax accountant, but wondered if any other glider owners have experienced a similar situation? - Mark Navarre 2/5 black ace LoCal, USA - |
#4
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When we purchased our sailplane, L.A. County caught on to it, and we began to
receive our bills regularly right away, and have been paying yearly ever since. Cheers anyhow, Charles |
#5
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"Vorsanger1" ha scritto nel messaggio
... When we purchased our sailplane, L.A. County caught on to it, and we began to receive our bills regularly right away, and have been paying yearly ever since. in Italy everything is taxed (we say that soon it will be taxed also the air that we breathe), but luckily the property tax on aircrafts and gliders has been being abolished for a few years... Paolo |
#6
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C'mon Paolo,
any Italian worth his salt wouldn't pay the tax anyway! :-) Ian "Paolo" wrote in message ... "Vorsanger1" ha scritto nel messaggio ... When we purchased our sailplane, L.A. County caught on to it, and we began to receive our bills regularly right away, and have been paying yearly ever since. in Italy everything is taxed (we say that soon it will be taxed also the air that we breathe), but luckily the property tax on aircrafts and gliders has been being abolished for a few years... Paolo |
#7
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Please don't give our government any ideas in Australia.
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#8
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How is the term "aircraft" defined? If aircraft have engines, and
gliders do not, then gliders are exempt. Gliders are "worthless" without some sort of external takeoff source. Would this argument work? "BTIZ" wrote in message news:HB87c.20094$Nj.953@fed1read01... if the tax law says ... personal property.. it's taxable if it specifies.. "aircraft".. it's taxable.. |
#9
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according to the US AIM/FAR
any thing in the air is an "Aircraft" airplanes have power gliders glide.. but the definition that counts is in the tax book BT "James" wrote in message om... How is the term "aircraft" defined? If aircraft have engines, and gliders do not, then gliders are exempt. Gliders are "worthless" without some sort of external takeoff source. Would this argument work? "BTIZ" wrote in message news:HB87c.20094$Nj.953@fed1read01... if the tax law says ... personal property.. it's taxable if it specifies.. "aircraft".. it's taxable.. |
#10
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"BTIZ" wrote
A $100K value aircraft pays the same tax rate as a $100K house, in this state/county anyway. But the aircraft "depreciates" on the tax rolls, and the house "appreciates". BT Consider yourself lucky. In Kansas (Yes, home to The Air Capital of The World), airplanes are taxed at THREE TIMES the rate of houses. Here, 120K home pays about $1600 per year. So, an ASH-25 would have to pay almost $5K/year. But, if it is over 30 years old, it is eligible for exemption. Wanna guess the age of my gliders? My 604 turned 31 last month. Happy Birthday to you.... Steve Leonard Wichita, KS |
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