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Get the free BUSINESS PROPERTY STATEMENT FOR b2015b FILE RETURN BY bb - countyofglenn

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Sheryl Thur Glenn County Assessor 516 W. Sycamore St., 2nd Fl. Willows, CA 95988 (530) 9346402 (530) 8651184 BOE571L (P1) REV. 20 (0514) BUSINESS PROPERTY STATEMENT FOR 2015 (Declaration of costs
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How to fill out a business property statement for:

01
Gather all necessary information: Before you begin filling out the business property statement, make sure you have all the required information at hand. This may include details about your business property, such as its location, size, and value.
02
Review the instructions: Familiarize yourself with the instructions provided along with the business property statement form. These instructions will guide you through the process and ensure that you provide accurate and complete information.
03
Provide accurate property details: In the form, accurately fill out the details of your business property, including its address, square footage, and detailed descriptions of any fixtures, equipment, or improvements on the property.
04
Determine the property value: It is essential to estimate the value of your business property accurately. This may require conducting research or seeking professional assistance from appraisers or real estate agents. Enter the determined value in the appropriate section of the form.
05
List any exemptions or exclusions: If applicable, indicate any exemptions or exclusions that your business property may qualify for on the form. This can help reduce the assessed value of your property for taxation purposes.
06
Double-check and review: Before submitting the business property statement, double-check all the information you have provided. Ensure that you have not left any mandatory fields blank and that all the details are accurate and up to date.

Who needs a business property statement for:

01
Business owners: If you own a business that involves physical property, such as commercial space, warehouses, or equipment, you will typically need to fill out a business property statement. This statement is often required by local tax authorities for the assessment of property taxes.
02
Property owners: Even if you lease or rent out your business property to others, you may still be responsible for filling out a business property statement. It is important to check with your local tax authority to determine your obligations as the property owner.
03
Tax authorities: Local tax authorities use the information provided in the business property statement to assess property taxes. These statements help determine the value of the property and calculate the appropriate taxes owed by the business or property owner.
Overall, anyone who owns or manages business property should be aware of their responsibility to fill out a business property statement accurately and in a timely manner. It is essential to comply with local tax regulations and provide the necessary information to ensure proper assessment and taxation of the property.
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The business property statement is used to report the value of all business property owned by a business.
All businesses in California that own business property with a total cost of $100,000 or more are required to file a business property statement.
Business owners can fill out the business property statement by listing all the business property they own and providing the required information such as cost, acquisition date, and description of the property.
The purpose of the business property statement is to assess property taxes on business property owned by businesses in California.
Business owners must report the cost, acquisition date, and description of all business property they own on the business property statement.
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