Aircraft are subject to property taxation in a manner similar to businesses and must be reported on the Aircraft Property Statement (Form 577) as of the lien date, January 1.
The Assessor utilizes the Aircraft Bluebook as the primary value guide for appraising general aircraft. This method is in compliance with Revenue and Taxation Code section 5364 and is used by county assessors throughout the state. The retail values listed in Aircraft Bluebook are for a fully airworthy aircraft with average equipment for the model and in average condition considering the aircraft's age and likely use. Once a bluebook value is determined, the Assessor discounts the value by 10% to more closely align it with private party market values. Other consideration is given for: • Overall condition of the aircraft • Equipment installed • Hours since a major engine overhaul • Total airframe hours
If you believe the market value of your aircraft is less than its taxable value on January 1, you can request a value review be performed by the Assessor’s Office. Our office welcomes any information and market data you are willing to share that can help us arrive at fair and accurate assessments. Your gross taxable value can be found in the upper right corner of your tax bill. Please compare this value to your opinion of market value before deciding if you would like to request a value review by the Assessor. Please include with your request any information that supports your opinion of value. Call (559) 636-5159 to request one be mailed to you, or you can download a Request for Value Review form from our website.
You may request a statement by calling (559) 636-5159 or sending an email to AssessorBPP@tularecounty.ca.gov. You can also download an Aircraft Property Statement from the Assessor's website. If you are filing for the first time, please write “first-time file” at the top of a new Aircraft Property Statement. This will help our office quickly recognize that a new assessment needs to be created.
