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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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#9
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I am curious too! would you please like to specify the amount?
I understand it is related to the value of the glider (without trailer and instruments I guess), but how is the tax calculated? thank you very much Aldo Cernezzi Aldo, I don't know the amount yet, but a friend in another county tells me that his rate was 1.240802% of the value of the glider. - Mark Navarre 2/5 black ace LoCal, USA - |
#10
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"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. There is apparently some limited exclusion for classic aircraft, according to this missive from AOPA lifted from another newsgroup: AOPA GETS HISTORICAL AIRCRAFT CLARIFICATION FROM BOE At the request of AOPA, the California Board of Equalization (BOE) has clarified recent changes to the property tax exemption for historical aircraft. This exemption is available to an original, restored, or replica aircraft that is 35 years or older. The confusion arose from changes that went into effect on January 1, requiring aircraft owners to submit certificates of attendance from events where the aircraft were on display. Now, in a letter to assessors, the BOE recommends waiving the requirement for 2004. Download the letter ( http://www.boe.ca.gov/proptaxes/pdf/lta04012.pdf ). |
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