For property tax purposes, "Aircraft of Historical Significance" means any aircraft which is an original, restored, or replica of a heavier than air powered aircraft which is 35 years or older or any aircraft of a type or model of which there are fewer than five in number known to exist worldwide.
The exemption only applies if all of the following conditions are met:
An individual owner as referenced in (1) above is a live person, not a legal entity such as a corporation or partnership.
To apply for the Aircraft of Historical Significance Exemption, a claim form must be filed each year with the assessor of the county where the aircraft is located. The claim form, BOE-260-B Claim for Exemption from Property Taxes of Aircraft of Historical Significance, is available from the county assessor.
The claim must be filed annually with the assessor by 5:00 p.m., February 15, for the preceding January 1 lien date to receive 100 percent of the exemption. The claimant must attach to the claim form a certificate of attendance from the event coordinator of the event at which the aircraft was displayed.
A fee of $35 is charged and collected by the assessor with the initial application for an exemption. An annual affidavit is required for exemption but the $35 fee is only required with the initial application in any given county.
The following links provide additional information on Aircraft of Historical Significance.