Responsible for locating, valuing and enrolling all taxable business personal property including property (owned and leased) such as computers, supplies, furniture, machinery and equipment as well as mobilhomes, airplanes and boats. The Division is required to audit a significant number of businesses once every 4 years. The Division also manages any assessment appeal involving personal property
Boats used exclusively for commercial fishing, research or as a party boat may qualify for partial exemption. More information may be obtained by calling the contact information below. Boat owners pay a registration fee to the Department of Motor Vehicles, but the personal property taxes are paid to the county where the boat is habitually moored or located.
How to file your Form 571-L / Business Property Statement (BPS)
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 Santa Clara County. In general, business property values are based on original cost, property classification and type of business. However, other approaches to value such as income and market may be used when appropriate.