Section 5081.  


Latest version.
  • 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.

(Added by Stats. 1979, Ch. 31.)