Business Personal Property

Unlike real property, business and/or personal property is appraised annually. The owners of all businesses and owners of miscellaneous personal property must file a property statement each year detailing costs of all supplies, equipment, and fixtures at each location regardless of size, status of operation, or total amount of personal property. This is required unless the Assessor's Office notifies the business owners that they are on a direct billing system. Business inventory is exempt from taxation. Mobile equipment (tractors, racing cars, etc.) are taxable, regardless of whether or not they are used in a business. House furnishings are also taxable when used in a short-term rental.

Business/Personal Property are valued each year on January 1 using California Board of Equalization provided factor tables and standards. You can view the January 1, 2023, Lien Date Factors here (PDF).

Here are calculation examples of one item:

  1. A snowblower acquired in 2022 at a cost of $600 (taxes and shipping included) has an assessed value of $582 based on a 97% factor. ($600 x .97 = $582)
  2. If B snowblower was acquired in 2020 at a cost of $600 (taxes and shipping included) then the assessed value is $678 based on a 113% factor. ($600 x 1.13 = $678)
  3. The amount of the tax for each item is 1% of the assessed value, or $5.82 for snowblower A or $6.78 for snowblower B. 

Business and Personal Property Forms can be downloaded and mailed to us through the United States Postal Service. We do not have a business efile system and we do not accept digital filings through email. 


Personal Property Examples

These are the types of items that can be assessed as personal property based on the type of business that is operated.

Restaurants

  • Dishwasher
  • Refrigerator
  • Sinks
  • Oven Hood & Cooking Range
  • Shelving
  • Tables & Seating
  • Cooking and Serving Tools
  • Display Cases
  • Signs
  • Etc.

Timber Related Businesses

  • Tractors / Loaders / Excavators / Backhoe
  • Posthole Digger
  • Splitter
  • Mills
  • Mowers
  • Chainsaw
  • Generators
  • Electrical Systems
  • Free-Standing Fuel Tanks
  • Etc.

Hotels

  • All items in each rental room.
  • Furnishings throughout the facilities. 
  • Laundry, Reception, and Security Equipment
  • Vehicle Chargers
  • Cleaning Tools and Supplies
  • Landscaping Equipment
  • Ice / Vending Machines
  • Signs
  • Etc.

Professional Services

  • All tools used in your trade like massage tables for massage therapists, office furniture for CPAs, or portable tools for contractors.
  • Computers and their peripherals for communication/business management.
  • Furniture for meeting with clients. 
  • Etc.


*Rule of Thumb* 

If you advertise it or it’s essential to your business,

it’s taxable business personal property.


To report business personal property on the form provided by the Assessor, list each item or group of items in the year the item(s) is/are acquired and their cost of acquisition (including shipping, etc.). If an item is acquired in a used condition and/or is grouped within a larger transaction, then the year of reporting and it’s estimated value for that year can alternatively be provided. Creating a line-item list of the personal property with the make, model, and the location of the item is the easiest way to do annual reporting. You may receive a Supplemental List to 571 with a property statement that shows the individual personal property items that have been reported to us. The List reports the initial acquisition or reporting year of the property and does not reflect assessed values or any applied factors to accommodate depreciation or appreciation.


Short-Term Rentals

Short Term Rentals are assessed differently than other businesses. They are assigned a value based on the square footage of the property and the number of rooms for rent. Short-term rentals are also on a direct billing system; therefore, they do not receive annual statements after the first year of reporting. Short-term rental assessments are active until the property owner contacts our office to cancel the assessment. 

To determine the Assessed Value, take the number of bedrooms of the rental house and multiply it by $1,500, then add the value below to account for the other amenities and equipment based on total square footage of improvements.

Example: 3 Bedroom Home with 2,475 square feet:  
Assessed Value = ((3 BR x $1,500 =$4,500) + $5,500) = $10,000
In this example the tax amount will be approximately 1.0% of value or $100.

Up to 700 square feetNo value added2001 – 2500 square feet$5,500
701 - 1500 square feet$1,5002501 - 3000 square feet$8,000
1501 – 2000 square feet$3,0003000 + square feet$10,500


If you have questions specific to your business and/or personal property, please contact us at 530-289-3283 or PersonalProperty@sierracounty.ca.gov