- Info
- FAQ
Personal Property
Under Article XIII, Section I of the California Constitution, all property is taxable unless it is exempt.
Each year Personal Property is reassessed as of lien date, January 1st. Personal Property is all property except real estate and can include business equipment, vessels, aircraft, vehicles and manufactured homes.
What is Business Personal Property?
In general, business personal property is all property owned, possessed, controlled, or leased by a business except real property and inventory items.
Business personal property includes, but is not limited to:
- Machinery
- Computers
- Equipment (e.g. FAX machines, photocopiers)
- Telephones
- Furniture (e.g. desks, chairs, bookcases)
- Supplies
Property Statement (571 Form)
- Businesses are required by law to file a property statement if the aggregate cost of business personal property is $100,000 or more or if the Assessor requests the information
- Separate filings are required for each business location
- Statements are due April 1
- A 10% penalty will be applied if a statement is filed after May 7
- Property statements are private documents and are held confidential by the Assessor
Leased Equipment
Both the Lessor and the Lessee should report equipment that is on lease on January 1 to the Assessor. Not all leased equipment is assessed in the same manner. Several factors determine how leased equipment is assessed, including:
- Assessability
- Assessee
- Leases with exempt entities
- Type of lease (true lease, conditional sale, etc)
Vessel/Aircraft
- Assessed where situated
Frequently Asked Questions
Your annual property statement can be submitted to the Assessor via Fax, Email, or regular mail. You must include the account number when returning the statement. You may also file using the e-SDR online filing system if you were sent a notice to do so.
The policy for accepting the electronic filings are as follows:
Fax: All faxed material accepted under this policy must have a cover sheet identifying the company or Owner. Our fax number is (805) 645-1305.
Email: All emailed material must be from the owner, authorized agent, CPA, or an officer of the organization. A phone number must be included for verification purposes. Our email address is assessor.emailpropertystatement@ventura.org
There is a separate electronic filing program for large businesses that have multiple locations throughout the state. Participation in this program requires programming on behalf of the business entity such that business property data itself is uploaded to a state-wide server. Filing deadlines apply. Feel free to contact us if you need more information.
The following list identifies the cities and towns located within the borders of Ventura County.
- Camarillo
- Fillmore
- Moorpark
- Ojai
- Oxnard
- Port Hueneme
- Santa Paula
- Simi Valley
- Thousand Oaks
- Ventura
- Unincorporated County
If your business has moved or changed its mailing address, update the data when filing. Indicate the effective date of the move or when the change became effective.
When reporting a sale, include the new owner's name, mailing address, and when the ownership change became effective. When reporting that the business has been closed, provide the date(s) and information relating to the deposition of any taxable personal property. Complete the property statement, sign and return it to the Assessor's Office.
The tax is 1% of the assessed value. However, your tax bill might also include special assessments voted into effect by the voters or by their representatives within the property's taxing jurisdiction. Therefore, you can estimate that the taxes will be 1.2% of the assessed value. Under the law, there is no provision for the pro-ration of unsecured property taxes.
- Ventura County Assessor
- 800 S. Victoria Ave.
- Ventura, CA 93009
- (805) 654-2181
- assessor.info@ventura.org