Why do I have to pay taxes on my business personal property?

California Constitution Article XIII and Revenue and Taxation Code section 201 state that all property is taxable unless it is stated that it is exempt. Business personal property is not exempt.

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1. Why do I have to pay taxes on my business personal property?
2. I paid sales tax when I purchased this equipment. Why am I paying taxes again?
3. What is unsecured property?
4. I have a home-based business and all my equipment is my own personal equipment. Do I have to report it?
5. My business property is moveable and goes in and out of the County depending on the job. Which county should I report it to?
6. What if I lease all my equipment? Do I still have to report it?
7. Can my unsecured business property taxes be prorated?
8. Why do I have a 10% penalty note on my tax bill for my business?
9. I don't own the building, I just rent the space. Why do I have a tax bill?
10. Where can I find additional information on Business Personal Property?
11. Who needs to file a Business Property Statement?