Class life is the number of years over which an asset can be depreciated. The tax law has defined a specificclass life for each type of asset. Real Property is 39 year property, office furniture is 7 year property andautos and trucks are 5 year property.
Hanford is an important commercial and cultural center in the south central San Joaquin Valley and is the county seat of Kings County, California. It is the principal city of the Hanford-Corcoran, California Metropolitan Statistical Area (MSA Code 25260), which encompasses all of Kings County, including the cities of Hanford and Corcoran. The ZIP Code is 93230 (93232 for post office boxes).
The ratio of number of residents in Hanford to the number of sex offenders is 377 to 1. Median real estate property taxes paid for housing units with mortgages in 2015: $1,864 (0.9%) Median real estate property taxes paid for housing units with no mortgage in 2015: $1,155 (0.7%)