Newly Acquired Property / First Time Filers
Property acquired after the January 1 tax lien date may be eligible for exemption provided that the property is put to exempt use, or under construction for exempt use, within 180 days from the acquisition date.
First Filing claims must be submitted within ninety days after the first day of the month following the month in which the property was acquired, or by February 15th of the following year, whichever occurs first.
The following items must be submitted when filing an initial claim:
- A copy of the Organizational Clearance Certificate - obtained from the State Board of Equalization
- Copies of financial statements for the years claimed
- Form BOE 267-O, if there are any outside users of the property
Once established, the Welfare Exemption requires an annual filing between January 1 and February 15 each year.
Note: Late penalties are applicable to claims that are not filed timely.