Property Tax Exemptions - The Civic Federation

equested by the board with respect to the lease.(2) For purposes of this subdivision, "a qualified lessor" is a lessor under acontract designated as a lease between that lessor and an entity using propertywhich qualifies for the property tax exemption provided for by subdivision (d) or(e) of Section 3 of Article XIII of the California Constitution under which thelessee has the option at the end of the lease term of acquiring the propertydescribed in the lease for one dollar ($1), or any other nominal sum.(3) No filing or application for exemption shall thereafter be required by aqualified lessor with respect to that lease unless the option terms of the leasechange.E. Notification Requirements After Change in Use or Ownership.CA REV & TAX § 254.5(c) Notwithstanding subdivision (a), an applicant, granted a welfare exemption andowning any property exempted pursuant to Section 214.15 or Section 231, shall not berequired to reapply for the welfare exemption in any subsequent year in which there hasbeen no transfer of, or other change in title to, the exempted property and the property isused exclusively by a governmental entity or by a nonprofit corporation described inSection 214.15 for its interest and benefit. The applicant shall notify the assessor on orbefore March 15 if, on or before the preceding lien date, the applicant became ineligiblefor the welfare exemption or if, on or before that lien date, the property was no longerowned by the applicant or otherwise failed to meet all requirements for the welfareexemption.CA REV & TAX § 257(c) Any exemption granted pursuant to a claim filed in accordance with this section, oncegranted, shall remain in effect until such time as title to the property changes or theproperty is no longer used for exempt purposes. Any person who is granted anexemption pursuant to a claim filed in accordance with this section shall notify theassessor by June 30 if the property becomes ineligible for the exemption.WHAT ARE THE PROCEDURES FOR MONITORING AND REMOVINGERRONEOUS AND NO-LONGER-QUALIFYING EXEMPTION?A. Monitoring Exemptions.CA REV & TAX § 257(d) Upon any indication that a religious exemption has been incorrectly allowed, theassessor shall make a redetermination of eligibility for the religious exemption. If theassessor determines that the property or any portion thereof is no longer eligible for theexemption, he or she shall immediately cancel the exemption on so much of the propertyas is no longer eligible for exemption.CA REV & TAX § 255.6Verification of eligibility of claims.44