ARTICLE 3. Valuations

Article 3 added by Stats. 1941, Ch. 41.

§§ 11291–11294 · 4 sections

• § 11291 The value of private railroad cars shall not include the car owner’s tools, shop equipment, materials, supplies, or other like items of personal property…
• § 11292 In making the assessment, the board shall value the cars by class based on the owner’s acquisition cost, less depreciation. The depreciation shall be computed…
• § 11293 In making an assessment, the board shall determine the average number of each class of private railroad cars physically present in the state in the calendar…
• § 11294 In determining the averages required in Section 11293, the board shall exclude from the California factor car mileage, car days or such other data which occurs…