Business Personal Property Tax Overview

Taxes and fees are one of the many ways that governmental authorities and municipalities get the funds that are necessary in order to operate the many services that they render to the residents of city and or state. These business personal property taxes go to pay for things like public safety, municipal utilities, road maintenance and repairs, schools and a whole host of other necessary services.

For the most part, the responsibility falls on a number of people to ensure that there is an adequate system in place to ensure that the correct amount of money being generated and collected from all of the current business personal property owners of record within a given jurisdiction. Each of the different parts of system, like the assessor’s’ office, plays an important role in ensuring that their part is being carried out in the most efficient, accurate and the most ethical way possible.

We offer a free evaluation of your assessed business personal property tax, call us now at 1-877-788-2937 to get started.

In general, Business Personal Property is all property owned 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
  • Tangible property owned, claimed, possessed or controlled in the conduct of a profession, trade or business may be subject to property taxes.

Business Personal Property is valued annually as of January 1.

Typical structure of a Business Personal Property Tax System

While the exact makeup of the Property Tax system in your state, county, city or town might vary slightly, the following is fairly common. There are three different levels involved in Business Personal Property Tax system and they all work together in order to ensure that the correct information is created and the correct amount of payments are received accurately in a timely manner by the county or city’s assessor’s office. The following individuals and their offices are responsible for ensuring that the Property Tax System works smoothly; Assessor, Auditor-Controller, and Treasurer-Tax Collector.

We offer a free evaluation of your assessed business personal property tax, call us now at 1-877-788-2937 to get started.

Assessor - The Assessor is ultimately responsible for applying all laws to determine the value of all of the properties within their jurisdiction. Once the business personal property value is known they determine the amount that is owed according to the laws that are currently on the books. With all of that information, they create an Assessment Roll. This roll is a complete and accurate accounting of all of the business personal property taxes that are to be collected within the jurisdiction of the given Property Tax System. The Assessment Roll is then given to the Auditor-Controller for processing.

Auditor-Controller - The office of the Auditor-Controller then takes the Assessment Roll and reviews the documents and makes the necessary adjustments according to a procedure that may involve adding additional levies to certain parts of the Assessment Roll. After any all and all additions are made to the original documents, the final Extended Assessment Roll is then given to the Treasurer-Tax Collector's office for the final phase to be carried out.

Treasurer-Tax Collector - The Treasurer's staff is then tasked with ensuring that all of the taxes that are listed in the Extended Assessment Roll are properly collected. The Treasurer's office staff is responsible for printing, mailing out and collecting all of the payments from the listed owner of the business personal property according to the Extended Assessment Roll. This includes all secured and unsecured taxes which depends on the type of property that is involved.

We offer a free evaluation of your assessed business personal property tax, call us now at 1-877-788-2937 to get started.

While not all states, cities and municipalities are set up exactly the same, the above information is a typical structure of how many cities, counties and states go about collecting the property taxes owed by the listed business and owner of the property.

Mike Habib’s boutique tax firm represents businesses regarding business personal property tax assessment disputes and appeal throughout California including Whittier, Norwalk, Santa Fe Springs, Downey, Pico Rivera, Montebello, Hacienda Heights, La Habra Heights, West Covina, La Habra, Brea, Fullerton, Industry, Commerce, Yorba Linda, Cerritos, La Mirada, Lakewood, Anaheim, Santa Ana, Long Beach, Compton, Torrance, Los Angeles, Pasadena, Beverly Hills, Santa Monica and throughout Los Angeles County, Newport Beach, Irvine, Orange County, Corona, San Bernardino County, Riverside County, the Inland Empire, the San Fernando Valley, Ventura county, and the San Gabriel Valley.

Also business personal property tax representation in various metro areas such as Los Angeles, Whittier, Pasadena, Glendale, Burbank, Orange County, Riverside, Palm Springs, San Bernardino, Palmdale, Bakersfield, New York, New Jersey, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego, Dallas, San Jose, Detroit, Jacksonville, Indianapolis, San Francisco, Columbus, Austin, Memphis, Fort Worth, Baltimore, Charlotte, El Paso, Boston, Seattle, Washington DC, Milwaukee, Denver, Louisville, Jefferson, Las Vegas, Reno, Hempstead, Tucson, Nashville, Davidson, Portland, Tucson, Albuquerque, Santa Fe, Anchorage, Atlanta, Long Beach, Fresno, Sacramento, Mesa, Kansas City, Cleveland, Virginia Beach, Omaha, Miami, Oakland, Tulsa, Honolulu, Minneapolis, Pittsburgh, Colorado Springs, Arlington, Wichita, Birmingham, Montgomery, Tampa, Orlando.