BOE-570-2

Source: https://www.boe.ca.gov/proptaxes/pdf/sample-570-2.pdf

This page watermarked SAMPLE. BOE-570-2 (P1) REV. 00 (11-19)

SUPPLEMENTARY SCHEDULE TO THE BUSINESS PROPERTY STATEMENT
BOE-570-2
FLIGHT EQUIPMENT VALUE COMPUTATION
Allocated Value Summary
(See Reverse Side for Instructions)

CARRIER COUNTY AIRPORT LIEN DATE

A B C D E F G H I

NO. OF AIRCRAFT TOTAL TIME MAJOR MAINTENANCE TOTAL TOTAL AIRPORT AIRCRAFT AIRPORT

AIRCRAFT TYPE REPORTED ON TIME FOR ALLOCATED TIME TIME ALLOCATION TAXABLE ALLOCATED VALUE FORM OVERHAUL =(C+D) =( A x 525,600 ) FACTOR VALUE =(GxH) BOE-570-1, =(E/F) (Assessor’s Use Only) (Assessor’s Use Only) COLUMN G SAMPLE

TOTAL

RETURN THIS FORM WITH THE BUSINESS PROPERTY STATEMENT

This page watermarked BOE-570-2 (P2) REV. 00 (11-19) SAMPLE.

INSTRUCTIONS FOR COMPLETING BOE-570-2 Complete one sheet for each airport

Column A. List the number of aircraft in each sub-fleet as of the lien date for the reporting year.

Column B. Enter the aircraft sub-fleet type name.

Column C. Enter the total time allocated to this airport as shown in Column G of form BOE-570-1.

Column D. Enter major maintenance time as calculated by sub-fleet type. Only maintenance that requires the aircraft to be taken out of revenue service shall be reported here. The time entered should be shown as a negative amount.

Column E. Add the time in Column C to the time in Column D

Column F. Calculate total available time by multiplying Column A, number of aircraft, by 525,600, the total number of minutes in one year.

Column G. Calculate the airport allocation factor by dividing Column E by Column F.

Column H. The taxable value of the carrier’s entire fleet of each type of aircraft will be determined by the Assessor and entered in this column.

Column I. The Assessor will multiply the total factor in Column G by the taxable value in Column H and enter the result here. SAMPLE