“It has never been easier to file your business property statement,” said Assessor Larry Stone. Nearly 20,000 businesses have already used the on-line feature and filed electronically, a 61% increase over last year’s on-line submissions. Typically, it only takes a business owner a few minutes to file the statement. Plus, there is no cost to participate in e-filing! When completed, businesses will immediately receive an on-line confirmation of their filing, and have the ability to print a copy for their records. To e-file simply visit the Assessor’s website at http://efile.sccassessor.org/ . “I greatly appreciate businesses who file on-line, as it is far more cost efficient for our office, and even better for the environment!” said Stone.
“Most people are familiar with the property taxes on their home. Similarly, businesses are required by State Law to annually report to the Assessor the cost of their business personal property (i.e., machinery, equipment, computers, etc.) and improvements (leasehold/tenant improvements, trade fixtures, etc.). I can’t stress enough the importance of filing by May 9, preferably with our e-file system,” said Stone. State law requires the Assessor’s Office to levy a 10% penalty on the assessed value of a business for failure to file.
Businesses wishing to file the old fashioned way must file the multi-page form by the deadline, and the form must be postmarked no later than May 9. Businesses can download a paper copy of Form 571-L from the Assessor’s website. Businesses that have moved, closed or sold prior to January 1, 2011, must file a paper copy of Form 571-L. Businesses can also e-file at a public terminal such as a public library or call our office at (408) 299-5400. Businesses discovered in subsequent years will be assessed and penalized for failure to file their property statement.