2022 Property Tax Bills ?

[LANCECASPER]

19 hours ago, DCarlton said:

I can't agree in this case.  They send a complex form every year that provides the specs for your plane; avionics, hours, hours SMOH, interior and exterior condition, etc.  Then they assess the value and apply the rate that the elected officials mandate.  I've owned the plane for 18-20 years.  The rate hasn't changed; only the assessed value.  In this case, the workers in the office do much more than apply policy.  Its very reasonable to question the basis for a 56% increase when the rates or policy hasn't changed (that I'm aware of).  Mooneys may have gone up 30% but not 56%. 

What do they have it valued at? Did they miss a few years of increase and then do it all at once?

[DCarlton]

32 minutes ago, LANCECASPER said:

What do they have it valued at? Did they miss a few years of increase and then do it all at once?

It looks like around $82K.  Folks may be missing a key point though.  This tax increase far exceeds Govt. inflation figures.  I don't even think the CA law allows landlords to raise rental property rates that much in one year.  So what are they doing?  Chasing the aircraft market in real time?  Will it go down if / when we see another down turn?  I'm calling tomorrow to better understand their basis.   I don't like being taxed based on the guesstimated current value of a 50 year old airplane.  

[LANCECASPER]

44 minutes ago, DCarlton said:

It looks like around $82K.  Folks may be missing a key point though.  This tax increase far exceeds Govt. inflation figures.  I don't even think the CA law allows landlords to raise rental property rates that much in one year.  So what are they doing?  Chasing the aircraft market in real time?  Will it go down if / when we see another down turn?  I'm calling tomorrow to better understand their basis.   I don't like being taxed based on the guesstimated current value of a 50 year old airplane.  

It shouldn’t be tied to Consumer Price Index (government index for inflation which really means nothing). It should be tied to aircraft value, since that’s what they are taxing. If values go down you should have a good argument for a lower amount. Or if you can show that you have it insured for less than that, you should be able to make a valid point.

[Guest]

10 hours ago, DCarlton said:

It looks like around $82K.  Folks may be missing a key point though.  This tax increase far exceeds Govt. inflation figures.  I don't even think the CA law allows landlords to raise rental property rates that much in one year.  So what are they doing?  Chasing the aircraft market in real time?  Will it go down if / when we see another down turn?  I'm calling tomorrow to better understand their basis.   I don't like being taxed based on the guesstimated current value of a 50 year old airplane.  

What do you have it insured for? Current market value is high for everything.  Their $82,000 may not be far off.    Canada is supposed to have high taxes, but I do marvel at what goes on south of the border.

Clarence

[RobertGary1]

15 hours ago, DCarlton said:

It looks like around $82K.  Folks may be missing a key point though.  This tax increase far exceeds Govt. inflation figures.  I don't even think the CA law allows landlords to raise rental property rates that much in one year.  So what are they doing?  Chasing the aircraft market in real time?  Will it go down if / when we see another down turn?  I'm calling tomorrow to better understand their basis.   I don't like being taxed based on the guesstimated current value of a 50 year old airplane.  

I think you’re referring to prop 13 which limits how fast our property tax can go up. Unfortunately that does not apply to personal property. 

[Hank]

6 hours ago, M20Doc said:

What do you have it insured for? Current market value is high for everything.  Their $82,000 may not be far off.    Canada is supposed to have high taxes, but I do marvel at what goes on south of the border.

Clarence

The real fun is in the state-to-state variation! Some have no tax and simple "registration"--someone here pays $25/year in AZ, while I paid I think $20 per seat per year in Ohio, with no tax due. And the poor OP here is pushing 1 AMU annually. Oh, and within each state, the county where the plane is based can charge extra tax, too . . . . .

[KLRDMD]

Just now, Hank said:

The real fun is in the state-to-state variation! Some have no tax and simple "registration"--someone here pays $25/year in AZ, while I paid I think $20 per seat per year in Ohio, with no tax due. And the poor OP here is pushing 1 AMU annually. Oh, and within each state, the county where the plane is based can charge extra tax, too . . . . .

Not in AZ they can't. $25/year and you're done.

[Hank]

2 minutes ago, KLRDMD said:

Not in AZ they can't. $25/year and you're done.

The real fun is in the state-to-state variation!        Learn the rules for your state, 'cause how other states do it doesn't matter.

[DCarlton]

Called the tax office today.  Was briefed on the dispute process, then was referred to the appraiser that was assigned my aircraft.  Left a message.  Waiting a call back.  Nothing heard.  Also talked to another aircraft owner at my airport (KCRQ).  They experienced a tax increase far worse than mine.  Also fighting the extreme increase.  It's never dawned on me until this week that if you're lucky enough to afford a $1M Cirrus, you're paying $10,000 plus a year in property taxes on an vehicle.  Seems crazy.  

[KLRDMD]

1 minute ago, DCarlton said:

Called the tax office today.  Was briefed on the dispute process, then was referred to the appraiser that was assigned my aircraft.  Left a message.  Waiting a call back.  Nothing heard.  Also talked to another aircraft owner at my airport (KCRQ).  They experienced a tax increase far worse than mine.  Also fighting the extreme increase.  It's never dawned on me until this week that if you're lucky enough to afford a $1M Cirrus, you're paying $10,000 plus a year in property taxes on an vehicle.  Seems crazy.  

And yet people voluntarily live in a state that treats them this way.

[DCarlton]

11 minutes ago, KLRDMD said:

And yet people voluntarily live in a state that treats them this way.

The 800% percent appreciation we've experienced in real estate keeps us here for now.  Glad we've stayed as long as we have.  We can always leave when the time comes.  You've gotta rebalance the "does it still make sense to stay" scale every year.  Federal taxes are the bigger problem though.  Can't run from that.  

Edited March 28, 2022 by DCarlton

[RobertGary1]

14 minutes ago, DCarlton said:

Called the tax office today.  Was briefed on the dispute process, then was referred to the appraiser that was assigned my aircraft.  Left a message.  Waiting a call back.  Nothing heard.  Also talked to another aircraft owner at my airport (KCRQ).  They experienced a tax increase far worse than mine.  Also fighting the extreme increase.  It's never dawned on me until this week that if you're lucky enough to afford a $1M Cirrus, you're paying $10,000 plus a year in property taxes on an vehicle.  Seems crazy.  

A fiend was told by the county his velocity was worth $500,000. He said he’d take 1/10 of that. He was in arrears for several years while he worked the dispute. 

[aviatoreb]

18 minutes ago, RobertGary1 said:

A fiend was told by the county his velocity was worth $500,000. He said he’d take 1/10 of that. He was in arrears for several years while he worked the dispute. 

WOW - no kidding.  he shoulda offered the assessor a generous percentage sellers fee if the assessor could show him that buyer.

[thinwing]

My dad job after the airforce was as an assessor for aircraft personal property division .In the old days before the internet ,he used to drive arround Sacramento county with a spotting scope trying to locate unreported aircraft usually in farmers fields.As far as assessment..we are given a form to fill out on current aircraft condition ,hours etc.Unfortuanately I was told they use v-ref as their primary valuation guide.There is a procedure to dispute that assessment...BUT..it is made very difficult and a big hassle to go thru.Most folks ,if busy with life dont have the time to go thru with the hassle and just pay the bill.Welcome to California....

[thinwing]

On 3/26/2022 at 7:17 PM, KLRDMD said:

I paid zero last year and will pay zero again this year.

Would you stop bragging!

[thinwing]

On 3/26/2022 at 7:17 PM, KLRDMD said:

I paid zero last year and will pay zero again this year.

Would you stop bragging!

[Guest]

2 hours ago, DCarlton said:

Called the tax office today.  Was briefed on the dispute process, then was referred to the appraiser that was assigned my aircraft.  Left a message.  Waiting a call back.  Nothing heard.  Also talked to another aircraft owner at my airport (KCRQ).  They experienced a tax increase far worse than mine.  Also fighting the extreme increase.  It's never dawned on me until this week that if you're lucky enough to afford a $1M Cirrus, you're paying $10,000 plus a year in property taxes on an vehicle.  Seems crazy.  

One of my clients who moved to California for a year, took his Cirrus that he’d just bought with him and had to make a contribution to the state.  They wanted to know what he paid for it the month before.

Clarence

[Guest]

2 hours ago, KLRDMD said:

And yet people voluntarily live in a state that treats them this way.

It must be the climate.

Clarence

[motolou]

I stay because of my son and granddaughter, otherwise, I would get the hell out of California. Politics has turned it from a great place into a toilet.

[MooneyMitch]

17 minutes ago, M20Doc said:

It must be the climate.

Clarence

Correct !

 

43 minutes ago, thinwing said:

Welcome to California....and dont get me started on its gun laws and lack of prosecution of organized shoplifting.

So glad we are trend setters for the rest of the country.............

[kortopates]

I stay because I love it. Over my career i’ve had extended stays in many parts of the country and i’ve always been thankful to be able to come home to southern california.


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[GeeBee]

I lived the first 42 years of my life in what became Silicon Valley. I took that 900% I made on my house, moved to North Georgia and never looked back. My children could walk and bike all over town at any time or day without fear of abduction. Paid cash for the new home, never made mortgage payments again. What was left over was invested and more than paid for my Ovation an its upkeep. Income taxes are less than half and decreasing. Property taxes about the same. My children were educated at the University of Georgia and Georgia Tech, tuition free courtesy of the Georgia Lottery. Saved me 600k. The money I saved and the investment income I derived from moving to GA more than offset staying in CA and my family had a much less stressful lifestyle. Little traffic and low crime. I only miss the CA weather. Apparently a lot of people agree based upon the 2020 census. I could have lived anywhere because my job allowed it. The really cool part? I can buy an AR-15 and a concealed carry permit only requires a trip to the probate court to fill out the paper work. I love it here.

[A64Pilot]

If you can really get 800+% on your house, take the money and run, such increases aren’t logical and if history tells us anything, it’s that such increases always correct, so cash out when it’s at the top, don’t get greedy believing it will always increase, that thinking is why 08 happened, I had friends telling me it didn’t matter what you paid for a house it will be worth 10% more next year, they are the ones that “lost” their houses

[Larry]

Remember, if you live in California and have a plane that is 35+ years old, you can eliminate the property tax by "displaying" it 12X per year.  Many airports make it as easy as opening your hangar for 2 hours on a given day.  The display days do not have to all be at the same airport.  If you plan a little, you can combine a breakfast run and display your airplane.

Larry

[aviatoreb]

38 minutes ago, Larry said:

Remember, if you live in California and have a plane that is 35+ years old, you can eliminate the property tax by "displaying" it 12X per year.  Many airports make it as easy as opening your hangar for 2 hours on a given day.  The display days do not have to all be at the same airport.  If you plan a little, you can combine a breakfast run and display your airplane.

Larry

And besides! Who can afford a plane less than 35 years old?!!

Not me!