California Revenue and Taxation Code CHAPTER 1 - Construction

• Section 101.
  Unless the context otherwise requires, the general provisions hereinafter set forth govern the construction of this division.(Enacted by Stats. 1939, Ch. 154.)
• Section 102.
  Nothing in this division shall be construed to permit double taxation.(Enacted by Stats. 1939, Ch. 154.)
• Section 103.
  “Property” includes all matters and things, real, personal, and mixed, capable of private ownership.(Enacted by Stats. 1939, Ch. 154.)
• Section 104.
  “Real estate” or “real property” includes:(a) The possession of, claim to, ownership of, or right to the possession of land.(b) All mines, minerals, and quarries in the...
• Section 105.
  “Improvements” includes:(a) All buildings, structures, fixtures, and fences erected on or affixed to the land.(b) All fruit, nut bearing, or ornamental trees and vines, not of natural...
• Section 106.
  “Personal property” includes all property except real estate.(Enacted by Stats. 1939, Ch. 154.)
• Section 107.
  “Possessory interests” means the following:(a) Possession of, claim to, or right to the possession of land or improvements that is independent, durable, and exclusive of rights...
• Section 107.1.
  The full cash value of a possessory interest, when arising out of a lease of exempt property, is the excess, if any, of the value...
• Section 107.2.
  The full cash value of leasehold estates in exempt property for the production of gas, petroleum and other hydrocarbon substances from beneath the surface of...
• Section 107.3.
  The full cash value of leasehold estates in exempt property for the production of gas, petroleum and other hydrocarbon substances from beneath the surface of...
• Section 107.4.
  (a) For purposes of paragraph (1) of subdivision (a) of Section 107, there is no independent possession or use of land or improvements if that possession...
• Section 107.6.
  (a) The state or any local public entity of government, when entering into a written contract with a private party whereby a possessory interest subject to...
• Section 107.7.
  (a) When valuing possessory interests in real property created by the right to place wires, conduits, and appurtenances along or across public streets, rights-of-way, or public...
• Section 107.8.
  (a) For purposes of applying subdivision (a) of Section 107 to a lease-leaseback of publicly owned real property, the possession of, claim to, or right to...
• Section 107.9.
  (a) In addition to any taxable real property interests that an operator of certificated aircraft has at a publicly owned airport that are interests stated in...
• Section 108.
  “State-assessed property” means all property required to be assessed by the board under Section 19 of Article XIII of the Constitution and which is subject...
• Section 109.
  “Roll” means the entire assessment roll. The “secured roll” is that part of the roll containing State assessed property and property the taxes on which...
• Section 109.5.
  “Machine-prepared roll” means an assessment roll prepared by electronic data-processing equipment, bookkeeping machine, typewriter, or other mechanical device, and such a roll may be displayed...
• Section 109.6.
  With the consent of the auditor and tax collector and approval of the board of supervisors, data normally appearing on an extended roll and abstract...
• Section 110.
  (a) Except as is otherwise provided in Section 110.1, “full cash value” or “fair market value” means the amount of cash or its equivalent that property...
• Section 110.1.
  (a) For purposes of subdivision (a) of Section 2 of Article XIII A of the California Constitution, “full cash value” of real property, including possessory interests...
• Section 110.5.
  “Full value” means fair market value, full cash value, or such other value standard as is prescribed by the Constitution or in this code under...
• Section 115.
  “Interest” in any property includes any legal or equitable interest.(Enacted by Stats. 1939, Ch. 154.)
• Section 116.
  “Map” includes plat.(Enacted by Stats. 1939, Ch. 154.)
• Section 117.
  “Lien date” is the time when taxes for any fiscal year become a lien on property.(Enacted by Stats. 1939, Ch. 154.)
• Section 118.
  “Assessment year” means the period beginning with a lien date and ending immediately prior to the succeeding lien date for taxes levied by the same...
• Section 119.
  “County board” means the county board of supervisors when sitting as the county board of equalization.(Enacted by Stats. 1939, Ch. 154.)
• Section 121.
  “Taxing agency” includes the State, county, and city. “Taxing agency” also includes every district that assesses property for taxation purposes and levies taxes or assessments...
• Section 122.
  “Revenue district” includes every city and district for which the county officers assess property and collect taxes or assessments.(Enacted by Stats. 1939, Ch. 154.)
• Section 123.
  “Amount of defaulted taxes” on property means the sum of the following amounts:(a) The amount of taxes which were a lien on the real estate at...
• Section 124.
  “Current taxes” means taxes which are a lien on property, but which are not included in “amount of defaulted taxes” except that, between a lien...
• Section 125.
  “Current roll” means the roll containing the property on which current taxes are a lien.(Enacted by Stats. 1939, Ch. 154.)
• Section 126.
  “Tax-defaulted property” is real property which is subject to a lien for taxes which, by operation of law and by declaration of the tax collector,...
• Section 128.
  “Assessor” means the assessing officer of a county, by whatever title he may be known.(Enacted by Stats. 1939, Ch. 154.)
• Section 129.
  “Business inventories” shall include goods intended for sale or lease in the ordinary course of business and shall include raw materials and work in process...
• Section 130.
  (a) “Vessel” includes every description of watercraft used or capable of being used as a means of transportation on water, but does not include aircraft.(b) “Documented vessel”...
• Section 134.
  “Unsecured property” is property:(a) The taxes on which are not a lien on real property sufficient, in the opinion of the assessor, to secure payment of...
• Section 135.
  (a) “Assessed value” shall mean 25 percent of full value to and including the 1980–81 fiscal year, and shall mean 100 percent of full value for...
• Section 136.
  Whenever any taxes or assessments are entered on the roll under any provision of law, such taxes or assessments shall, notwithstanding any other provision of...

Last modified: October 22, 2018