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Summary: Describes the types of
property included in the University's tax exemption and the types of
notices your department may receive. |
The University of California is exempt from
property tax including real property, personal property and leased property.
These types of property are defined in the table below.
For complete information, see policy G 38, Tax Exemption and Refund Claims
for Property Leased by the University. In general:
- Any property owned or leased by the
University is exempt from property taxation according to the
California Revenue Taxation Code, sections 202(a)(3) and 202.2
(leased property).
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- If your department receives a
property tax assessment notice or filing notice from the County of
Los Angeles, Tax Assessor's Office, please forward the notice to Tax
Services.
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Types of Notices
Business Property Statement
Joint Consolidated Tax Bill
Notice of Tax Lien
Personal Property Tax Notice
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Personal property includes: |
Movable property (any property that
can be moved) |
| Real
property includes: |
Land or buildings (any permanent
fixture or structure above or below the surface) |
| Leased
personal property includes: |
In accordance with section 202.2 of
the California Revenue and Taxation Code, leased personal property
used exclusively for educational purposes by a nonprofit institution
like the University includes any tangible property such as copiers,
computers, equipment or furniture. |
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