Tangible property owned, claimed, possessed or controlled in the conduct of a profession, trade or business may be subject to property taxes.
In general, Business Personal Property is all property owned or leased by a business except:
Real Property (land, buildings and other improvements), and
Business Inventory (items held for sale)
Business Personal Property includes, but is not limited to:
Machinery
Equipment
Furniture
Fax Machines
Photocopiers
Computers
Telephones
Desks & Chairs
Bookcases
Supplies
Business Personal Property is valued annually as of January 1.
Business Property Statement (571-L Forms)
Businesses are required by law to file an annual Business Property Statement if their aggregate cost of business personal property exceeds $100,000, 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 received after May 7 (the due date is the next business day when date is on a weekendor legal holiday)
If you need to file or for more information on how to file, please call (714) 834-2930.
Business Property Statements are confidential documents and are held secret by the Assessor.
e-File Your Business Property Statement (mid-February to June 30)
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
Situs (Street Address)
Type of Lease
The California Assessors' Association adopted a standardized leased equipment reporting format leasing companies can file with their annual Business Property Statement.Click hereto download the Excel file.
Frequently Asked Questions
State of California Publications
The California State Board of Equalization publishes a series of Assessors' Handbooks to provide guidance to local Assessors.
Click hereto view the Assessment of Personal Property and Fixtures (AH 504) handbook to provide guidance to local Assessors.
You Are Now Leaving the County of Orange Official Portal
The policies that apply to the County of Orange Official Web Portal may not be the same as the terms of use for other web sites. The County of Orange cannot attest to the accuracy of the information provided by the linked websites. Any link to an external website is not intended as an endorsement of that external website, any product or service offered or referenced to or any views that might be expressed or referenced therein.