California Personal Property Tax: What Every Taxpayer Needs to Know

The uniqueness of California’s personal property tax system makes it difficult to navigate, even for experienced property tax professionals. The state’s guidelines on differentiating between real and personal property can make property assessment complex and arbitrary, requiring taxpayers to diligently monitor local county assessments for potential double taxation of fixtures and structural improvements. The protracted ...

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Event Details:

Date / Time:

October 9th, 2014 - 12:00pm - 1:00pm

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Webinar

Category:

Webinar

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The uniqueness of California’s personal property tax system makes it difficult to navigate, even for experienced property tax professionals. The state’s guidelines on differentiating between real and personal property can make property assessment complex and arbitrary, requiring taxpayers to diligently monitor local county assessments for potential double taxation of fixtures and structural improvements. The protracted administrative appeal process can also cause many taxpayers to forego appeals they might otherwise pursue. This webinar will address the issues unique to California, such as: Secured vs. Unsecured Tax Roll, Structural Items vs. Business Fixtures, Abnormal Depreciation and Mandatory Audits.

After attending this webinar, attendees will be able to:

  • Understand standard CA assessment procedure and what to look for when reviewing the issued assessments
  • Confirm how a particular property is being assessed and learn how to determine which costs are included in the value
  • Recognize potential over-assessment and evaluate potential appeal opportunities