File Your Business Property Statement
Author: Tom J. Bordonaro, Jr.
2/11/2020 10:26:36 AM
Assessor Tom Bordonaro Jr. mailed Business Property Statements to SLO County business owners the week of February 10, 2020. All property used by a business is subject to local property tax unless it is specifically exempt by law. Business property owners are required to file annual statements regarding their property with the County Assessor. Business property is assessed annually as of January 1.
Examples of business property include, but are not limited to:
- Machinery and Equipment
- Office furniture
- Computer hardware
- Leasehold improvements
As a business owner, you must file a Business Property Statement (also known as Form 571-L) if you have over $100,000 in business personal property or are requested to file by the Assessor's Office. Business Property Statements for 2020 are due to be filed by April 1, 2020.
Business Property Statements may also be filed online by April 1, 2020 at the California Assessors' Association e-file portal.