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California Constitution Article XIII and Revenue and Taxation Code Section 201 state that all property is taxable unless it is stated that it is exempt. Personal property is not exempt.
Sales and/or use tax and property tax are two different types of taxes.
The situs of a vessel can be determined in a variety of manners. We look at the following to determine the situs of a vessel:
1. Where is the vessel registered?2. Where is the boat primarily located? – (i.e. In your garage, at a facility). a. If located at a facility within Placer County, situs is established at that facilities principal location. i. If the facility you contract with is full and your vessel is sent out of State or County temporarily for the winter season to a secondary location, situs has not changed. 3. Where is your primary residence (domicile)? a. If applicable, where is your secondary residence (domicile)?4. Where is the vessel primarily used?5. Has situs been established elsewhere?
1. Where is the vessel registered?2. Where is the boat primarily located? – (i.e. In your garage, at a facility). a. If located at a facility within Placer County, situs is established at that facilities principal location. i. If the facility you contract with is full and your vessel is sent out of State or County temporarily for the winter season to a secondary location, situs has not changed.3. Where is your primary residence (domicile)? a. If applicable, where is your secondary residence (domicile)?4. Where is the vessel primarily used?5. Has situs been established elsewhere?
Either the Assessor’s request to file a valid statement was not received by May 7th, or no statement was received. California Revenue and Taxation Code section 463 mandates that a late filing penalty of 10% of the assessed value be added for valid statements not timely filed by May 7th. The Assessment Appeals Board is the only authority with the ability to abate a penalty for late filing.
No. Unsecured bills are never prorated regardless of the disposal date. Any proration of taxes should be done between the buyer and seller at the time of sale.
Bankruptcy does not relieve the Assessor of determining a fair market value. Assessed value and payment of taxes are separate issues. You should contact the Placer County Tax Collector at 530-889-4120 for issues regarding whether payment is required after bankruptcy.
File a release of liability with the California Department of Motor Vehicles, and notify the Assessor’s Office in writing with information regarding the sale. Please complete and return a Vessel Affidavit (PDF) to the Placer County Assessor's Office.
Please complete and return a Vessel Affidavit (PDF) to the Placer County Assessor’s Office. Under California Law, the owner of a vessel at 12:01 a.m, January 1 (lien date), is responsible for taxes and must be assessed at full value. Sale or disposal of property after the lien date does not relieve the Assessee of the obligation to pay taxes.
Please complete and return a Vessel Affidavit (PDF) to the Placer County Assessor’s Office. Based upon that affidavit, an informal review of your assessment will be completed.
No. As a resident of California, your boat would be subject to taxation in the county the boat is located. The exemption would only apply if your residency is in the other 49 States and you are temporarily stationed in California. Should you change your residency to California then the exemption would cease.
No, you must be active duty assigned to California. Once you retire, you are no longer assigned to or required to reside in California.
No, only the servicemember would be qualified for the exemption. 66.6% of the assessed value would be exempt.
Yes. Since it is expected for active duty servicemembers to be temporarily away, the claim for exemption can be filed at any time without a penalty. However, without an annual filing, the boat will be assessed, a bill issued and due by the delinquent date. If you receive a bill and then file the claim, a correction to the tax roll will need to be submitted. Since the correction involves multiple offices, you will want to pay the bill to avoid any delinquent penalties, interest or liens. Once the correction is complete, you will receive a refund for any taxes paid. The Assessor’s Office has no authority to abate any penalties, interest or liens charged by the Tax Collector’s Office for delinquent taxes.
Value is determined by reviewing the Vessel Property Statement, current market data, confirmed sales of similar vessels, and value guides such as NADA.
California Revenue and Taxation Property Tax Rule 10 mandate that the Assessor include within the value all components of the full economic cost of placing property in service. A vessel value will typically include an adjustment to add sales or use tax.
For the purpose of California property taxation, vessels 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. Vessels, unlike real property, are not subject to a base year value or a minimum inflationary factor. The fair market value of a vessel on lien date is unrelated to its net book value (purchase price less depreciation).
You may contact 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 a Vessel 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) 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 the 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.
This is a requirement of section 441(d) of the California Revenue and Taxation Code. Statements are sent in order to gather the most up to date information on the property so that an accurate value can be determined.
It is important that the Vessel Property Statement (PDF) be returned even if you no longer own the vessel. If a statement is not returned, an estimated assessment will be made using the best information available, and a 10% penalty on the assessed value will be added for failure to file as mandated by the California Revenue and Taxation Code section 463.
Whenever the due date for filing a Vessel Property Statement falls on a Saturday, Sunday, or legal holiday, the statement may be filed by the close of business (5 p.m.) on the next regular business day with the same effect as if it had been filed on the specified due date.