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BOE571L (P1) REV. 29 (0523)DEVI MARIE PHOTO CLERKASSESSORRECORDERBUSINESS PROPERTY STATEMENT FOR 2024585 Fiscal Dr Rm 104 Santa Rosa, CA 954032824 (707)5651330(Declaration of costs and other related property

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How to fill out business property statement

01

Gather all necessary information such as property identification number, location, description, acquisition year, cost of each item, etc.

02

Complete the business property statement form accurately and thoroughly.

03

Submit the filled out form to the appropriate local government office or assessor's office by the specified deadline.

04

Keep a copy of the submitted form for your records.

Who needs business property statement?

01

Businesses and individuals who own tangible personal property used for business purposes are required to fill out a business property statement.

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What is business property statement?

A business property statement is a document that businesses must file to report the value of their personal property to local tax authorities for property tax assessment purposes.

Who is required to file business property statement?

Generally, any business that owns or leases personal property with a total value above a certain threshold is required to file a business property statement.

How to fill out business property statement?

To fill out a business property statement, businesses must provide detailed information about their personal property, including descriptions, purchase dates, original costs, and current values, as well as any additions or deletions of property.

What is the purpose of business property statement?

The purpose of a business property statement is to accurately assess the value of business personal property for taxation, ensuring that businesses contribute fairly to local tax revenues.

What information must be reported on business property statement?

Businesses must report information such as the type of property, acquisition dates, cost of property, location of the property, and any changes in ownership or status of the property.

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