I closed my business and the business assets are not being used. Why do I have to file a property statement or pay taxes?

Business property not in use but located within the county is still assessable. If you have received a Business Property Statement you should complete it for the remaining property and add a letter of explanation as to where and what the remaining assets are.

If you have not received a Business Property Statement, you should complete and return a Business Property Affidavit (PDF) to the Placer County Assessor’s Office. There is a section regarding property remaining after a business closure. Based upon the information you provide, a review of your assessment will be completed.

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1. I closed my business and the business assets are not being used. Why do I have to file a property statement or pay taxes?
2. What should I do if I've closed, sold, or disposed of my business assets after January 1?
3. What should I do if I've closed, sold, or disposed of my business assets before January 1?