Aircraft

In California, aircraft are subject to property tax. We assess them each year at full market value as of January 1 (lien date).

If you own an aircraft, you may need to file a signed BOE-577 Aircraft Property Statement with our office.

Who must file

• You must file if we request it.
• If your aircraft costs $100,000 or more, you must file every year, even if a request was not sent.

Filing deadlines

• Aircraft Property Statements are due by April 10.
• If you file after May 7 or don't file at all, we will:
  • Estimate the value of your aircraft.
  • Add a 10% penalty to your assessment, as required by state law.

In California, most personal property is taxable unless the law specifically exempts it. Aircraft are assessed each year based on their full market value.

We use several methods to determine full market value, including:

• Purchase price
• Aircraft bluebook valuation guide
• Recent sales of comparable aircraft in the open market

Aircraft are assessed where it is usually stored when not in use.

If you own the aircraft on January 1, you are responsible for the full tax bill for the upcoming tax year.