Tulare County Seal

Tulare County - California

Office of the Assessor/Clerk-Recorder

New Business Owners

Our office is here to inform and assist you with business property taxation matters.  Feel free to contact our office to determine whether or not you have assessable business assets and should receive a Business Property Statement (Form 571-L) for the current year.

Businesses that own taxable property with an aggregate cost over $100,000 are required by law to annually file a Business Property Statement (Form 571-L), which identifies the acquisition cost of their business personal property (e.g., equipment, furniture, computers, etc.) and improvements (e.g., leasehold/tenant improvements, trade fixtures etc.) to the Assessor and are responsible for the potential taxes on that property. The California Constitution says all property is taxable unless otherwise exempted.

Business personal property is appraised annually.  If you own a registered business in the County of Tulare and you’ve received a Business Property Statement, this statement must be completed and submitted by the date indicated.  If a statement is not returned by the due date, an estimated assessment will be made using the best information available. A 10% penalty will be added to the assessment for failure to file as mandated by California Revenue and Taxation Code section 463.

The Assessor is required by law to annually conduct a significant number of audits of the books and records of taxpayers engaged in a profession, trade, or business who own, claim, possess, or control locally assessable trade fixtures and business tangible personal property in the county to encourage the accurate and proper reporting of property.