All taxable property in the City of Stockton not exempt under
the laws of the United States or this State, is subject to taxation
under this code.
(Prior code § 8-004.1)
For the purpose of this code Sections 202, 203, 204, 205, 206, 207, 208, 209, 210, 210.5, 213, 214, 215, and all amendments thereto of the Revenue and Taxation Code of the State are hereby adopted and made a part of this code.
(Prior code § 8-004.2)
Procedure to claim exemption shall be as prescribed by Sections
252, 253, 254, 254.2, 256, 257, 258, 259, 259.5, 260, 261 and all
amendments thereto of the Revenue and Taxation Code of the State,
and are hereby adopted and made a part of this code.
(Prior code § 8-004.3)
The State Board shall prescribe all procedure and forms required
to carry into effect the veterans, church, orphanage, college, exhibition,
or welfare exemption.
(Prior code § 8-004.4)
Affidavits required for exemptions shall be filed with the Assessor
between 12:00 p.m. on the first Monday in August and 5:00 p.m. on
Tuesday preceding the last Monday in October.
(Prior code § 8-004.5)
Affidavits for the welfare exemption shall be filed in duplicate
on or before 5:00 p.m. on Tuesday preceding the last Monday in October
of each year with the assessor concerned and shall be accompanied
by duplicate certified copies of the financial statements of the owner
and operator. Copies of the affidavits and financial statements shall
be forwarded forthwith by the assessor to the State Board which shall
review all such affidavits and statements and may institute an independent
audit or verification of the operations of the owner and operator
to ascertain whether both the owner and operator meet the requirements
of Sections 214 and 215 of the Revenue and Taxation Code. In this
connection the State Board shall consider, among other matters, whether:
A.
The
services and expenses of the owner or operator (including salaries)
are excessive, based upon like services and salaries in comparable
public institutions;
B.
The
operations of the owner or operator, either directly or indirectly,
materially enhance the private gain of any individual or individuals;
C.
Any
capital investment of the owner or operator for expansion of physical
plant is justified by the contemplated return thereon, and required
to serve the interest of the community.
(Prior code § 8-004.6)
The Board shall forward to each assessor concerned its findings
with respect to each claimant and said finding shall be considered
by the assessor in his or her determination with respect to the claim
for exemption.
(Prior code § 8-004.7)
