MOBILE HOMES: Mobile homes sold new on or after July 1, 1980, are subject to property taxation. Most mobile homes sold prior to July 1, 1980, are not taxed by the county, but are registered annually with the State Department of Housing and Community Development (HCD). A mobile home placed upon a permanent foundation is subject to property taxation regardless of the date first sold new. Mobile home owners subject to property taxes may be eligible for the Homeowner's Exemption and the State Tax Assistance Programs. BOATS AND AIRPLANES: Boats and airplanes are assessable for property tax purposes. They are assessed at market value in the county which the boat or airplane is habitually situated. BUSINESS PERSONAL PROPERTY: The owners of all businesses must file a property statement each year detailing costs of all supplies equipment and fixtures at each location. This annual statement is required unless the property qualifies for a direct assessment. Business inventory is exempt from taxes. Note: Standard Data Record (eSDR) filing is here! Click here for more information. Generally, all personal property and fixtures used in the business are assessable, with some notable exceptions. Licensed vehicles, business inventory (including foods of a restaurant), and intangible assets like franchise fees are excluded. The assessment is based on those assets that are in service as of the lien date (January 1st). For a restaurant, assessable assets would include all the equipment and fixtures. Fixtures would also include any leasehold/tenant improvements at the full cost, including any allowances from the lessor. Whatever supplies inventory is on hand on the lien date would also be assessable. So, if you rented vacant space, built a restaurant and were open for business on January 1st, you would be assessed for the value of all of the tenant improvements, tables, chairs, bar, kitchen equipment, flatware, cash registers etc. You would not be assessed for the land, building (real property), food inventory, wines (business inventory), liquor license, franchise fee (intangibles) or licensed vehicles. Any business assessment to tenants are generally assessed on the "unsecured" roll and are billed separately to each business. That's the bill for your equipment, fixtures and leasehold improvements. Your lease may also contain provisions that require you to pay part of the secured tax bill, or reimburse the landlord for any assessment made on the secured bill for your tenant improvements. You should carefully review any provisions of your lease regarding property taxes and make sure you understand what it says. Please click here for a list of frequently asked questions regarding business personal property.UNSECURED TAX ASSESSMENT INFORMATION: GENERAL INFORMATION: Taxable unsecured property located in El Dorado County on the lien date is inventoried and assessed by the County Assessor. Assessments are issued to the last known address reported to the assessor. Assessments are released to the auditor in July and a tax bill is calculated, issued, and mailed to the address on the tax roll. Unsecured property sold or disposed of after the lien date is taxable for the full year. The law does not provide for proration of the tax assessment.... click here for supplemental information to Tax Collector's Important Notice letter.
POSSESSORY INTERESTS: Any individual, group or corporation that has private use of publicly owned property is subject to a possessory interest assessment. CALAMITY CLAIM: State law authorizes the Assessor to re-evaluate any property sustaining a calamity loss of $10,000 or more, and to assist the property owner in complying with approved procedures to obtain property tax adjustments. AGRICULTURAL PRESERVE: Agricultural land owners who sign a contract with the County placing their land in Williamson Act (C.L.C.A.) have their agricultural land valued according to a special form of capitalization of income. The value is generally lower than the full cash value. Homesites, non-living improvements and outbuildings are valued on the same basis as other property under Proposition 13.