Business Personal Property includes all supplies, equipment and any fixtures used in the operation of a business. Exempt from reporting are business inventory, application software and licensed vehicles (except Special Equipment (SE) tagged and off-road vehicles).

As it stands, commercial properties in California are primarily taxed at a foundational rate of 1% of their assessed value, thanks to the provisions set forth by Proposition 13. This means if a commercial property has an assessed value of $1 million, the base property tax owed would be $10,000.

A personal property tax is imposed by state or local governments on certain assets that can be touched and moved such as cars, livestock, or equipment. Personal property includes assets other than land or permanent structures such as buildings. These are considered to be real property.

California Constitution Article XIII and Revenue and Taxation Code section 201 state that all property is taxable unless it is stated that it is exempt. Business personal property is not exempt.

Certain properties, or portions of properties, are exempt from taxation under the California Constitution. The most common types are homeowner, disabled veterans, welfare, charitable, and institutional exemptions. Visit the Assessor's Exemption webpage for more information.

More info

Most business owners will be able to take full advantage of e-filing. If you are unable to file electronically, please call our office at (510) 272-3848 and a BPS will be mailed to you.The requirements are a current and paid Oakland Business License and a full or partial exemption from Ad Valorem taxes. Apply for a New Business Tax Certificate online or at the Business Tax Office. Refundable business registration fee plus special fees. What is business personal property? Our San Jose business lawyer helps business owners understand property taxes and business personal taxes. Please choose one of the following tax types. The tax type should appear in the upper left corner of your bill. Links to forms required to be filled to pay personal property tax or to apply for personal property tax exemptions.

Personal Property Business Form Without In Oakland

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

Do I have to file a business property statement in California?

How much is business personal property tax in California?

What is exempt from business property tax in California?

How much is business property tax in California?

What is the tax on personal property?

Does California have business personal property tax?

Who is exempt from property tax in California?

More info

Trusted and secure by over 3 million people of the world’s leading companies