Tulare County Seal

Tulare County - California

Office of the Assessor/Clerk-Recorder

About Business Property Assessments

Unlike real property, business personal property is appraised annually.

The Business Personal Property Division (BPP) of the Office of the Assessor / Clerk-Recorder is responsible for assessing all unsecured property owned by businesses located in the County of Tulare and conducts business audits mandated by the State. Business Personal Property includes items like machinery, equipment, fixtures, and leasehold improvement held or used in connection with a trade or business. Unlike Real Property, Business Personal Property taxes are based on information provided to the Office of the Assessor/ Clerk-Recorder on an annual basis. Business Personal Property is reassessed annually because businesses may have acquired new or disposed of existing personal property during the course of the year. 

  • Business property owners must file a property statement each year detailing the acquisition cost of all supplies, equipment, fixtures, and improvements owned at each location within the County of Tulare. 

  • The State Constitution indicates that all property is subject to property tax unless otherwise exempt. Failure to file the Business Property Statement (i.e., Form 571-L, 571-R, 571-STR) will subject business owners to an arbitrary assessment plus a 10% penalty.

  • Assessment begins with the cost of the asset, including sales tax, freight and installation per filed Business Property Statement (Form 571-L).  The Assessor applies valuation factors (for reference, please see the Business Factor Table) to the cost of the asset to arrive at the assessed value.