What should I do if I've closed, sold, or disposed of my business assets after January 1?

Please complete, sign, date, and return a Business Property Affidavit (PDF) to the Placer County Assessor’s Office. Under California Law, the owner of assessable business property at 12:01 a.m, January 1 (lien date) is responsible for taxes and must be assessed at full value. Sale, closure, or disposal of property after the lien date does not relieve the Assessee of the obligation to report and pay taxes.

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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?