Business Personal Property
Taxscribe for California Business Owners & CPAs
Modern personal property tax filing for California — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Business Personal Property tax?
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 Business Personal Property?
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.
- Filing deadline
- The due date for filing is April 1st.
- Late penalty
- 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.
- Exemption
- 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.
Extensions:
While the filing due date is April 1st, penalties will not be incurred if filed before May 7.
Important Notes About Business Personal Property:
- 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.
Coverage
How Taxscribe works in California
Taxscribe supports Business Personal Property filing across California. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.