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The document is a Preliminary Change of Ownership Report from the County of Alameda, California, which must be completed by the buyer before transferring property ownership. It outlines the necessary information regarding the buyer, seller, property details, and potential exclusions from reassessment for certain types of transfers. The report includes sections for transfer information, purchase price and terms of sale, and property information, along with instructions for completing each section accurately to ensure proper assessment and tax implications.

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What is the aviation tax in California?

State Aviation Taxes Sales Tax Rate 7.5%; plus 0-2.5% local tax.

What is boe 576 d?

Vessel Property Statement Filing. Vessels are reappraised annually. If you own a vessel that originally cost $100,000 or more, or if the Assessor has requested that a BOE-576-D Vessel Property Statement be completed, you are required by law to file the property statement between January 1st and April 1st of each year.

What is the fly away exemption in California?

Fly-away exemptions are based on the idea that the buyer will take the airplane out of the state. For example, if you live in Nevada and buy an airplane in California, the idea is that youll take the plane out of California and base it in Nevada.

What type of property is an aircraft?

California Law Tangible personal property is any property, except land or improvements, that may be seen, weighed, measured, felt, or touched, or which is in any other manner perceptible to the senses. Aircraft are considered tangible and are taxed as personal property.

What is the $7000 property tax exemption in California?

Property taxes are based on the assessed value of your property. The Homeowners Exemption reduces your property taxes by deducting $7,000 from your propertys assessed value before applying the tax rate, and given the one percent statewide property tax rate, this generally equates to $70 in property tax savings.

boe 502 a

Aircraft property statement cal assessor e forms pdf Aircraft property statement cal assessor e forms 2021 boe-260-b

What is the historical aircraft exemption in California?

The Aircraft of Historical Significance Exemption is available to aircraft meeting the following criteria: The aircraft must be an original, a restoration, or a replica of a heavier than air-powered aircraft that is 35 years or older, or. The aircraft type or model is one of less than five known to exist worldwide.

What is form boe 19 p?

BOE-19-P. Claim for Reassessment Exclusion for Transfer Between Parent and Child Occurring on or After February 16, 2021. 03.

What qualifies as a tax exempt in California?

Sales and Use Tax Examples of exempt sales include, but are not limited to: Sales of certain food products for human consumption. Sales to the U.S. Government. Sales of prescription medicines and certain vehicle and vessel transfers.