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Get the free Business Property Statement for 2016 - Kern County Assessor

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BOE571L (P1) REV. 25 (0519)Kern County AssessorRecorder Jon LifquistBUSINESS PROPERTY STATEMENT FOR 2020Business Division 1115 Trust Ave Bakersfield, CA 933014639 (661) 8683485(Declaration of costs
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How to fill out business property statement for

01
To fill out a business property statement, follow these steps:
02
Obtain a copy of the business property statement form from your local government office.
03
Gather all the necessary information regarding your business property, such as its location, description, and value.
04
Enter your business name, address, and contact information at the top of the form.
05
Provide a detailed list of all the items of property that your business owns. Include information such as the item's description, quantity, age, and estimated value.
06
Calculate the total value of your business property and enter it in the designated section of the form.
07
Review the completed form and make sure all the information is accurate and up-to-date.
08
Sign and date the form, certifying that the information provided is true and correct.
09
Submit the form to the appropriate government office according to their guidelines and deadlines.
10
Keep a copy of the completed form for your records.

Who needs business property statement for?

01
Business owners who own tangible property used for business purposes need to file a business property statement.
02
This includes individuals who own retail stores, manufacturing facilities, offices, warehouses, or any other type of business that possesses tangible assets.
03
The business property statement helps local governments assess the value of a business's taxable property and determine the appropriate amount of property taxes to be levied.
04
It is a legal requirement for business owners to file this statement, and failure to do so may result in penalties or fines.
05
Therefore, any business owner who meets the criteria mentioned should submit a business property statement.
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A business property statement is a form used by businesses to report their personal property to the tax assessor for the purpose of property taxation.
Any business that owns or possesses personal property used in the operation of their business is required to file a business property statement.
To fill out a business property statement, gather information about all personal property owned or leased by the business, provide details including cost, acquisition date, and current location, then submit the completed form to the local tax assessor's office.
The purpose of the business property statement is to assess the value of a business's personal property for taxation purposes and ensure compliance with local tax laws.
Information that must be reported includes a description of the personal property, its cost, acquisition date, location, and any other relevant ownership details.
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