New Business Owner

Each year Business Property Statements (BOE 571-L), which provide a basis for determining property assessments for fixtures and equipment, are mailed by the Assessor to most commercial, industrial, and professional firms.

Businesses and apartment owners with personal property and fixtures that cost $100,000 or more, or if the Assessor requests a statement regardless of cost, must file a signed Business Property Statement each year by April 1st.

Business Personal Property includes all property except inventory items held for sale or lease and real estate owned and/or used by a business.