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. 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. Why do I have to file a Business Property Statement?
5. What is this BOE 571 Business Property Statement form used for?
6. What will happen if I do not file the Business Property Statement form?
7. What if the due date to file a Business Property Statement falls on a Saturday, Sunday, or legal holiday?
8. How do I fill out the form?
9. Can I file my form electronically?
10. I tried to E-File but I can’t find the link mentioned in my letter?
11. I found the E-Filing link, but it is asking for a Business Identification Number (BIN)? What is this and how do I obtain one?
12. Can I return my completed Business Property Statement by fax or as an email attachment?
13. I have a home-based business and all my equipment is my own personal equipment. Do I have to report it?
14. My business property is moveable and goes in and out of the County depending on the job. Which county should I report it to?
15. What if I lease all my equipment? Do I still have to report it?
16. I closed my business and the business assets are not being used. Why do I have to file a property statement or pay taxes?
17. What do I include in supplies?
18. Can someone else file my Business Property Statement for me?
19. How is the assessed value determined?
20. What if I do not agree with the values? Can my value be reviewed?
21. What if I do not agree with the Assessor’s value after an Informal Review?
22. What should I do if I've closed, sold, or disposed of my business assets after January 1?
23. What should I do if I've closed, sold, or disposed of my business assets before January 1?
24. Can my unsecured business property taxes be prorated?
25. I filed bankruptcy, why do I have to pay the tax?
26. Why do I have a 10% penalty note on my tax bill for my business?
27. I don't own the building, I just rent the space. Why do I have a tax bill?
28. Where can I find additional information on Business Personal Property?