Electronic filing of the Business Property Statement uses a web-based application that will allow users to view, modify, and submit BPS filings on-line. Incomplete Filing: It is important that you complete each section of the BPS, and properly sign and date it.What are examples of inventory and supplies? This form is for late property tax payments only not for fees incurred due to returned check payments from your financial institutions. All tangible personal property is taxable in California, unless the property is specifically exempted from personal property tax assessment. For example, the 2018 Business. To calculate your property taxes in Alameda County, you can use the formula: Assessed Value x Tax Rate = Property Taxes. In brief, they are these: 1. Certain types of real property are listed in the Real Property Tax. Law. 2. Thus, personal property derives its meaning from real property.