Unlike real property, Business Personal Property is not subject to the restrictions of Proposition 13 and is instead assessed each year at its full market value as of January 1st. Although assessed differently, the tax rate is the same for both personal and real property at the same location.
Each year business areas are canvassed and Business Property Statements are mailed by the Assessor to most commercial, industrial, and professional firms. Property statements (agriculture, business, apartment, boats and aircraft) provide a basis for determining property assessments for fixtures and equipment. Any business owner to whom the Assessor sends a written request to do so must complete, sign and file a Business Property Statement that lists the cost of supplies, equipment, and fixtures at each business location as of the lien date. Additionally, anyone owning business personal property with a cost exceeding $100,000 must also file a Business Property Statement whether or not the Assessor requests they do. Most statements can be filed online via e-SDR.
Beginning in 2015, many of the “low” or “no value” property statements will not be mailed out annually. If you do not receive your property statement by the end of March, call our office to confirm if you fall into that category. If you have moved, sold, closed or bought new equipment, fill out Form FCA 3033, located on the forms page.
Statement Due Date
- April 1st: Statement due date
- May 7th: Last day to file before penalty is applied. If that date falls on a weekend, holiday, or other day the Assessor's office is closed, the due date is the next business day. See our office closure dates.
Filing deadlines apply to hardcopy, SDR, and e-SDR filing. No filing extension will be granted.
What is Business Personal Property?
In general, Business Personal Property is all property owned or leased by a business except Real Property and inventory items. Business Personal Property includes, but is not limited to: