What is "welfare exemption"?

Question

This term found in "The California Nonprofit Corporation Kit"

Thank you very much Griffin. Now whats the difference between "Real and personal property"?

Answer 1

Real property is real estate -- land, buildings, etc.
Personal property is any other property -- vehicles, furniture, etc.

Answer 2

I copied this from the link below. If you go there, you will find additional information.

Real and personal property owned and operated by certain nonprofit organizations can be exempted from local property taxation through a program jointly administered by the Board of Equalization and county assessors' offices in California. This exemption, known as the Welfare Exemption, is available to qualifying organizations that have income- tax- exempt status under Internal Revenue Code section 501(c)(3) or 23701(d) of the Revenue and Taxation Code and are organized and operated exclusively for religious, charitable, scientific or hospital purposes.

Additional Detail Response - See bostonia's response about the difference between real and personal property. He has it.

Answer 3

I knew it had something to do with low income and non-profits but this is what I found. It's an exemption on properties used for hospital, scientific , religious or charitable purposes owned by non-profits. Use of these properties may include educational, low income housing and homesless shelters etc.

Answer 4

This is the provision of California law that exempts certain charitable organizations from payment of property tax.