California Code of Regulations
Title 18 - Public Revenues
Division 1 - State Board of Equalization-Property Tax (California Department of Tax and Fee Administration - Timber Yield Tax, See Chapter 11)
Chapter 2 - Assessment
Article 5 - Situs
Section 204 - Leased Property
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Property leased or rented on a daily, weekly or other short-term basis has situs at the place where the lessor normally keeps the property. Temporary absences from that location do not change the situs of the property.
(b) The situs of property leased or rented for an extended, but unspecified, period or leased for a term of more than six months shall be determined on the basis of the lessee's use.
(c) The assessor may place a single assessment on the roll for all leased personal property in the county that is assessed to the same taxpayer. Any property assessed pursuant to this subdivision shall, in the absence of evidence establishing otherwise, be deemed to be located at the taxpayer's primary place of business within the county.
1. New
section filed 2-13-68; effective thirtieth day thereafter (Register 68, No.
7).
2. Amendment of NOTE filed 10-26-77; effective thirtieth day
thereafter (Register 77, No. 44).
3. Amendment filed 1-18-83;
effective thirtieth day thereafter (Register 83, No. 3).
4. Change
without regulatory effect designating first and second paragraphs as
subsections (a) and (b), adding subsection (c), and amending NOTE filed
12-11-97 pursuant to section 100, title1, California Code of Regulations
(Register 97, No. 50).
Note: Authority cited: Section 15606, Government Code. Reference: Sections 623 and 1019, Revenue and Taxation Code; and Article XIII, Section 14, California Constitution.
