Under California law, which of the following is exempt from property taxes?

Growing crops are exempt from property taxes under California law due to their classification as personal property rather than real property. This distinction is important because property taxes are generally assessed on real property, which includes land and any permanent structures attached to it. However, crops are considered tangible personal property because they can be harvested and sold, differentiating them from the land in which they grow.

The exemption reflects a policy decision to support agricultural activities and the economic importance of farming. This helps farmers by minimizing their tax burden on transient agricultural products that are subject to seasonal fluctuations and market conditions.

In contrast, other options, such as commercial properties, private homes, and investment properties, typically do not enjoy similar exemptions and are subject to standard property tax assessments based on their assessed value.