BOE-577 (P3) REV. 07 (05-18)
OFFICIAL REQUEST
Pursuant to California Revenue and Taxation Code section 5362, the Assessor of the county in which an aircraft is habitually situated shall assess the
aircraft at its market value. The Assessor’s records indicate that you are the owner of the aircraft identied on page 1 of this form. In accordance with
section 5365, you are required to complete this form according to the instructions. Pursuant to section 5367, failure to return this form by the specied due
date will require the Assessor to add a 10% penalty to the market value of your aircraft.
This statement is not a public document. In accordance with Revenue and Taxation Code section 451, the information contained herein will be held secret
by the Assessor. It can only be disclosed to the district attorney, grand jury, and other agencies specied in section 408. Attached schedules are considered
to be part of the statement.
GENERAL INSTRUCTIONS
ALL INFORMATION PROVIDED SHOULD BE AS OF JANUARY 1.
SECTION I.
This section must be completed annually. Specic information is required to correctly determine the value of the aircraft
STATEMENT OF CONDITION: Using the information below, check the box that reects the condition of your aircraft as of January 1:
New: An aircraft that is new or is maintained in new condition.
Good: Paint and airframe are in near new condition. Minor scratches. Windows clear with no crazing or discoloration. Interior is in near new condition.
Simple cleaning removes any smell, dirt or matting.
Average: Paint is generally sound and attractive. Slight oxidation can be easily polished out leaving paint shiny. Small scratches, chips or dents can be
found especially in high use areas. Windows have milky edges, some crazing or light scratches. The interior use shows minor fraying, stains, or cracking.
Cleaning and shampooing will make the interior look attractive. Aircraft certicate is current, 6 months annual, ½ TBO (Time Between Overhauls), ADs (Air
Worthiness Directives) complied.
Poor: Paint is badly oxidized, peeled and blemished. Most leading edges and upper surfaces are chipped, crazed, dented, and oxidized. All windows
crazed and scratched. After touch-up and polishing, aircraft still looks unsightly. Needs new paint. Interior shows high use, scratches, tear, snags, frayed
fabric, exposed foam, peeling laminates, and loose panels. Interior looks and smells dirty after cleaning and needs replacement. Aircraft has not own, is
out of annual, engine is run out and will not pass inspection, ADs not complied.
AVIONICS SUMMARY: Indicate the date of acquisition and the condition of existing avionics equipment. List any additional avionics and their cost under
“Non-factory avionics added in last calendar year.” For condition, please enter N for new, A for average, and P for poor.
DAMAGE HISTORY: To report damage history, attach a statement indicating the type of damage, date of damage, copy of report made to FAA, and
maintenance log and repairs made.
EQUIPMENT LEASED, EXCHANGED, ADDED OR RETIRED:
Leased: If you lease equipment in connection with this aircraft’s operation, attach a schedule listing the name and address of the owner, description of
the leased property, cost if purchased, and annual rent.
Exchanged: Attach a schedule listing any exchange of equipment since purchase.
Additions or Retirements: From date of acquisition of aircraft to last day in December of last year if you have added or retired equipment, attach a
schedule listing the description of the equipment, date added or retired, and the cost of equipment added or retired.
FRACTIONAL OWNERSHIP: If the aircraft is enrolled in a Fractional Ownership Program, forms BOE-570-FO (-1, -2) must be led.
SECTION II.
This section must be completed if ling for the rst time or if there have been any changes within the last calendar year.
ADDITIONAL INFORMATION: Attach a statement regarding any additional information you feel would assist the Assessor in valuing your aircraft.
DECLARATION BY ASSESSEE
The law requires that this property statement, regardless of where it is executed, shall be declared to be true under penalty of perjury under the laws of the
State of California. The declaration must be signed by the assessee, a duly appointed duciary, or a person authorized to sign on behalf of the assessee.
In the case of a corporation, the declaration must be signed by an ofcer or by an employee or agent who has been designated in writing by the board of
directors, by name or by title, to sign the declaration on behalf of the corporation. In the case of a partnership, the declaration must be signed by a partner
or an authorized employee or agent. In the case of a Limited Liability Company (LLC), the declaration must be signed by an LLC manager, or by a member
where there is no manager, or by an employee or agent designated by the LLC manager or by the members to sign on behalf of the LLC.
When signed by an employee or agent, other than a member of the bar, a certied public accountant, a public accountant, an enrolled agent or a duly
appointed duciary, the assessee’s written authorization of the employee or agent to sign the declaration on behalf of the assessee must be led with the
Assessor. The Assessor may at any time require a person who signs a property statement and who is required to have written authorization to provide
proof of authorization.
A property statement that is not signed and executed in accordance with the foregoing instructions is not validly led. The penalty imposed by section 463
of the Revenue and Taxation Code for failure to le is applicable to unsigned property statements.
EXEMPTIONS
Armed Forces Members. If you are not a resident of the State of California, but are in this state solely by the reason of compliance with military orders, you
may declare tax situs elsewhere by ling Form BOE-261-D, Servicemembers Civil Relief Act Declaration. Obtain the declaration form from the Assessor
or from your unit Legal Ofcer.
Aircraft of Historical Signicance. If you are an individual owner who does not hold the aircraft primarily for purposes of sale, does not use the aircraft
for commercial purposes or general transportation, the aircraft is 35 years or older and is displayed to the public at least 12 days per year, obtain Form
BOE-260-B from the Assessor. The exemption claim must be led on or before February 15 for a full exemption and by August 1 for a partial exemption.
