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Unlike
real property, business personal property is reappraised annually.
If you own taxable personal property with an aggregate cost
of $100,000 or more on January 1, or if the Assessor
has requested a statement be filed, you are required
by law to file a property statement by April 1st of each year
and detail the costs of all supplies, equipment, fixtures,
leasehold improvements, land improvements, and land, as well as other
requested information for each business location.
Your completed property statement should be received no later than 5:00
p.m. on May 7th, or you will be subject to a late filing penalty.
Small business owners with personal property with a value
of $5,000 or less, may be exempt from personal
property tax assessment in San Mateo County but are still
required to file a statement if requested by the Assessor.
For more information, call (650) 363-4501.
Business Property Statements for the 2008 filing season were mailed on or about February 1st.
Download a Business Property
Statement Form 571-L:
- Select the applicable year.
- Print the form.
- Include the business name, mailing address and account number, if you have one, on the printed form before filing it with this office. (First-time filers should simply print 'New Account' across the top of the form and this office will assign an account number)
Download Valuation Factors
Download Agency Authorization Letter
(You will need Adobe Acrobat Reader to accomplish the download. Get Adobe Acrobat Reader free here.)
Frequently Asked Questions (FAQ) for
the Business Owner/Agent
Visit the Business Personal Property
FAQ page for assistance on completing your property statement, send an e-mail or call (650) 363-4501. |
