§ 2.94.010. Exemption for low value personal property.

Latest version.

All personal property that does not exceed seven thousand five hundred dollars ($7,500.00) in full cash value shall be exempt and shall not be entered on the roll as provided in California Revenue and Taxation Code section 155.20. This exemption applies only when the aggregate value of all personal property of a single taxpayer, or a group of taxpayers, on any one lien date does not exceed seven thousand five hundred dollars ($7,500.00) in full cash value.

(Ord. 4324, 08/15/06)

(Ord. No. 04493, § 1, 4-13-2010)

                    
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