Available in All California Counties
Taxscribe transforms tax management for business owners and CPAs in California, streamlining the shift from paper forms to efficient online filing. Offering advanced user management, easy data import, intuitive form completion, smooth submission processes, and comprehensive analytics, Taxscribe makes tax filing easier. It ensures businesses of every scale effortlessly navigate California’s tax compliance requirements.
Available Forms:
- - Business Property Statement (BOE-571-L)
What is Business Personal Property?
In California, business personal property is all property owned or leased by a business except real property. Tangible personal property owned, claimed, possessed, or controlled in the conduct of a profession, trade, or business may be subject to property taxes.
In California, business personal property is all property owned or leased by a business except real property. Tangible personal property owned, claimed, possessed, or controlled in the conduct of a profession, trade, or business may be subject to property taxes.
Who should file a Business Property Statement?
Businesses are required by law to file an annual Business Property Statement if their aggregate cost of business personal property exceeds $100,000, or if the Assessor requests the information.
Businesses are required by law to file an annual Business Property Statement if their aggregate cost of business personal property exceeds $100,000, or if the Assessor requests the information.
When you should file:
The due date for filing is April 1st.
The due date for filing is April 1st.
Extensions:
While the filing due date is April 1st, penalties will not be incurred if filed before May 7.
While the filing due date is April 1st, penalties will not be incurred if filed before May 7.
Important Notes:
- Business personal property and fixtures are valued annually as of the January 1 lien date.
- If the forms are not completed and returned by May 7, a 10 percent penalty will be added and a tax bill generated based on an estimated value.
- Any questions should be directed to your local county assessor.
- Business personal property and fixtures are valued annually as of the January 1 lien date.
- If the forms are not completed and returned by May 7, a 10 percent penalty will be added and a tax bill generated based on an estimated value.
- Any questions should be directed to your local county assessor.
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