§ 5081
55 words·~1 min read·
/ca/revenue-and-taxation-code/5081A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in this article, “exempt property” means:
(a)Property acquired by the United States that becomes exempt from taxation under the laws of the United States.
(b)Property acquired by the state or by a county, city, school district, or other public entity, that becomes exempt from taxation under the laws of the state.