← Business Personal Property2027 guide
California business personal property, filed for you.
| Return | Form 571-L business property statement |
|---|---|
| Due | April 1, 2027. Late after May 7. |
| Who must file | Businesses with taxable property costing more than $100,000, or anyone the assessor asks |
| Inventory | Exempt |
| Late or missing | A 10% penalty, and the assessor estimates your value |
| Filed with | The county assessor |
General statewide rules for the 2027 tax year. County practice can differ, and Reserve confirms every due date with the jurisdiction each cycle.
Sources: San Mateo County, 571-L filing guide; San Luis Obispo County, filing requirement
CA · Form 571-L business property statement
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Due April 1, 2027. Lien date January 1.
Worth knowing in California
- Assessors audit many larger business filers on a regular cycle, and an audit can reach back several years.
- Leasehold improvements and fixtures are reported on the statement, not only equipment.
What Reserve does for California locations
- Classifies every asset on your register to California’s rules with AI, then a Reserve Tax Group professional reviews it.
- Removes equipment you no longer own, leased items and anything already in the real property value.
- Applies every exemption you qualify for and files the return with the county assessor.
- Reads the value notice and protests when it comes in above your return.