Unlike real property, business personal property is reappraised annually. If you own taxable personal property with an aggregate cost of $100,000 or more on January 1, or if the Assessor has requested a statement be filed, you are required by law to file a property statement by April 1st of each year and detail the costs of all supplies, equipment, fixtures, leasehold improvements, land improvements, and land, as well as other requested information for each business location. Your completed property statement should be received no later than 5:00 p.m. on May 7th, or you will be subject to a late filing penalty.
Small business owners with personal property with a value of $5,000 or less, may be exempt from personal property tax assessment in San Mateo County but are still required to file a statement if requested by the Assessor. For more information, call (650) 363-4501.
Business Property Statements for the 2011 filing season will be mailed on or about February 14th.
Download a Business Property Statement Form 571-L:
Download Valuation Factors
(You will need Adobe Acrobat Reader to accomplish the download. Get Adobe Acrobat Reader free here.)
Has there been a change in your business? If you have moved, sold or closed your business, we need to know about it. Please fill out the Business Change Form, so that we can update our records to reflect your changes.
Mail, fax or email the form to:
San Mateo County Assessor-Clerk-Recorder
ATTN: Personal Property
555 County Center, 3rd floor
Redwood City, CA 94063
Fax: (650) 599-7456
Frequently Asked Questions (FAQ) for the Business Owner/Agent
Visit the Business Personal Property FAQ page for assistance on completing your property statement, send an e-mail or call (650) 363-4501.