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The value is determined by reviewing the annual Aircraft Property Statement, confirmed sales of similar aircraft, and value guides such as Aircraft Blue Book.
California Revenue and Taxation Code, Property Tax Rule 10, mandates that the Assessor include within the value all components of the full economic cost of placing property in service. An aircraft value may typically include an adjustment to the average retail base to add sales or use taxes, freight or shipping cost, labor and materials, or after-market additions.
For the purpose of California property taxation, aircraft are valued at their fair market value each and every year as of the January 1 lien date. Values determined for previous years cannot be used as a factor in determining the current year’s value. Values can increase as well as decrease from year to year because of fluctuations in the market. Aircraft, unlike real property, are not subject to a base year value or a minimum inflationary factor. The fair market value of an aircraft on lien date is unrelated to its net book value (purchase price less depreciation).
You may call, email, or write to the Assessor’s Office to discuss the value. When making a written request for an informal review, please note that if the value was the result of an estimated assessment made by the Assessor for failure to file a property statement by May 7, you will need to complete and return an Aircraft Property Statement (PDF) with your request for an informal review.
When writing to request an informal review, please provide the following in support of your opinion of value:
You can file an Assessment Appeal Application (PDF) with the Assessment Appeals Board online or by calling 530-889-4020. In order to appeal an assessment, you must file an Assessment Appeal Application with the Clerk of the Board, between July 2 and September 15 (or the next business day if September 15 falls on a weekend or holiday).
Should your value notice be the result of an escape assessment, you have 60 days from the date of the Notice of Enrollment of Escape Assessment to file an Assessment Appeal Application.