- 5 - On December 20, 2001, Myron and Thelma left the yacht in Costa Rica and flew to the United States for their annual 2-week vacation. On January 4, 2002, Myron and Thelma returned to the yacht in Costa Rica. On May 6, 2002, Myron and Thelma docked the yacht in the harbor in San Diego, California, and retired from working on yachts. From 1986 through 2002, Myron and Thelma owned unimproved real property in Julian, California, and occasionally they camped on this unimproved real property. During 2001 and 2002, Myron and Thelma were listed on the San Diego, California, county tax rolls as absentee owners of this unimproved real property. From 1993 through 2002, Myron and Thelma also owned a townhouse in Coronado, California (townhouse), and they apparently claimed a California property tax homeowners’ exemption relating to the townhouse.2 During all of 2001 and the first half of 2002, Myron and Thelma rented out the townhouse to tenants, and the townhouse was managed by real estate professionals. Because it was rented out, Myron and Thelma did not stay in their townhouse while vacationing in California in 2001 and the first half of 2002. 2Cal. Const. art. 13, sec. 3(k), exempts $7,000 of a home’s taxable value from California property tax assessment when the home constitutes the owner’s principal residence and is occupied by the owner.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Next
Last modified: May 25, 2011