Business Property Statement
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 City and County of San Francisco.
Starting in 2021, taxpayers can use our new e-file portal to file statements: 571-L (business), 571-R (apartment), 571-STR (short term rental), and 576-D (vessel). Please refer to your annual notice for account/property numbers and access pin for ease of on-line filing.
All lessors are required to report equipment out on lease in the City & County of San Francisco, regardless of any assigned tax responsibilities. All leased equipment including leases to public utilities, leases to public schools and free museums, and leases to other educational or charitable institutions must be reported.
Per Revenue & Taxation Code, Section 441, you must file a statement if…
- The Assessor’s Office has sent you one of the two documents: (1) Notice of Requirement to File Business Property Statement; and OR
- You have taxable business property with a total cost of $100,000 or more, located within the City and County as of January 1 of each year, even if the Assessor’s Office did not send you one of the above notices; OR
- If you have not filed a Form 571-L in past years because you were on Direct Billing (assessed based on existing information in our files), you will receive a notice to file Form 571-L this year because State Law requires a periodic update of Direct Bill accounts. Please file a Form 571-L to reaffirm your business’ assessed value has stayed the same, or to reflect changes that have taken place resulting in increases or decreases in value of your business property.
To file your Form for Business Personal Property (includes apaartments, short-term rentals, and vessels), please visit our Business Property Statement E-file page. For more information on how to download and print hard copies of the Form for Business Property Statement, please go to the User's Guide and FAQ and also use our Taxpayer Help Pages at http://www.sfassessor.org/Taxpayer_Help_Pages
Please note that the Assessor-Recorder's Office no longer mails the Form for Business Property Statement. If you have any questions, please contact us at (415) 554-5531 or email@example.com.
If you are a lessor, our office prefers to collect reporting data on all leased equipment (Form 571-L, Part II, Equipment Out on Lease or Rent to Others) in electronic format. If you have any questions, please contact us at (415) 554-5531 or firstname.lastname@example.org.
You will receive one of the following documents: (1) Notice of Requirement to File, (2) Direct Bill Notice, and (3) Low Value Exemption. Account # and Online PIN # are printed on the Notice. Please use to file on line using our E-file tool located at our website.
Per Revenue and Taxation Code, Section 441, you must file a business personal property (BPP) statement if:
a) The Assessor’s Office has sent you Notice of Requirement to File for Business Property Statement.
b) You have taxable business property with a total cost of $100,000 or more, located within the City and County as of January 1st of each year, even if the Assessor’s Office did not send, or request you to file a Business Property Statement;
c) If you have not filed a Form 571-L in past years because you were on Direct Billing (assessed based on existing information in our files), you will receive a notice to file Form 571-L this year because State Law requires a periodic update of Direct Bill accounts. Please file a Form 571-L to reaffirm your business’ assessed value has stayed the same, or to reflect changes that have taken place resulting in increases or decreases in value of your business property.
Use this easy guide to BPP reportable assets
Is there any property that is exempt or that I do not have to report on my Business Property Statement?
The due date for filing the Business Property Statement is April 1st (If this day falls on a Saturday or Sunday, property statement postmarked on the next business day will be considered timely filed).
The last day to file the Form for Business Property Statement without a penalty is May 7th – postmarked (If this day falls on a Saturday or Sunday, property statement that is postmarked on the next business day will be considered timely filed). Pursuant to California Revenue and Taxation Code Sections 441 (b) & 463, if a business fails to file the Form 571-L Business Property Statement or it is filed late, a 10% penalty will be added to the assessment.
Yes. A business does not have to be opened for its taxable personal property to be subject to assessment. For example, let’s presume that on the lien date, January 1st, a new pizza parlor is under construction and nearly ready for its grand opening. Even though the pizza parlor was not open for business on the lien date, taxable business personal property (such as furniture, ovens and supplies) was in the owner’s possession on the lien date and the Assessor is required to assess it.
Yes, you still need to file the Form. The form must still be signed and returned to the Assessor. Make a notation on the form that the business has closed and the closing date. If this is not done, the Assessor may not be aware of that fact, and may continue to assess the property despite its true circumstance.
Yes. The law specifies that all taxable personal property must be assessed as of a specific point in time, and that point is precisely at 12:01 a.m. January 1st (regardless of what transpires after that date). Even if closed shortly after the lien date (January 1st), a business must still file a Form 571-L Business Property Statement.
If you have moved within the City and County of San Francisco, line through the old location on your Business Property Statement, including the mailing address, if applicable, and write your new address above the old one.
If you moved out to another county before January 1st, make a notation on the statement that you have moved outside of the county. Mail the statement to the address indicated on the form and contact the new county to request a Business Property Statement.
Yes, indicate on the statement the status (closed or sold) of your business including the date the status change took place. Please indicate the disposition of the equipment, if closed, or the name of the buyer, if sold, then sign the front page and mail it to the Assessor’s Office.
Yes. Please send your written request, on company’s letterhead with an authorized signature. Include the Account number, ownership name, DBA, mailing address, and location of the property. Specify the year you are requesting, and mail it to the Business Personal Property Division, 1155 Market Street, 5th Floor, San Francisco, CA 94103, or fax to (415) 554-5544, or e-mail as an attachment to email@example.com. If you are an agent of a taxpayer, an authorization letter from the business owner is required.
For lien year 2021, it is 1.1984%, and the Office of Treasurer & Tax Collector will mail tax bills for unsecured property to taxpayers in July 2021, and payments will be due by August 31, 2021, which is per CA law, § 2922 Rev. & Tax. Code, https://www.boe.ca.gov/proptaxes/calendar.htm
When you file your business property statement in a timely manner, you should receive your bill by the end of July. Payment is due on or before August 31st, and becomes delinquent after that date and will be subject to penalties and interest. If the business owner also owns the building in which the business resides, the business property tax will be included with the secured tax bill. The secured tax bill is sent by the end of October with the 1st installment due by November 1st. Although the assessment is the responsibility of the Assessor, the tax bills are the responsibility of the Tax Collector’s Office. The assessor can handle any questions related to how your tax bill was determined. Questions related to billing and payment of bills should be directed to the Tax Collector’s Office. The Tax Collector’s website is www.sftreasurer.org
Whenever a taxpayer has a question re unsecured property tax bill related to an assessment, they should always contact Assessor Recorder at askBPP@sfgov.org or call us at 415.554.5531 or visit us at City Hall, room 190, for the Assessor Recorder.
There could be various reasons why an unsecured tax bill may have increased from prior year, and this list includes
- leasehold improvements acquired after 2012 appreciate in value per Proposition 13 (unlike most other unsecured property assets which depreciate in value).
- penalty of 10% per R&T code, section 463, was added to the unsecured property assessment because the taxpayer was required to file but did not, or filed late after the due date.
- estimated value per R&T code, section 501, was the basis of the unsecured property assessment because the taxpayer was required to file but did not, and so appraisal judgement was used to assess estimated value.
- additional assets relating to business personal property were acquired since prior year.
- tax rate may have increased since prior year.
What if I disagree with my regular assessment?
If you disagree with an assessment made by the Assessor, we recommend you first discuss it with an Auditor-Appraiser at the Assessor's Office. An Auditor-Appraiser is available Monday through Friday, 8 A.M. to 5 P.M. via e-mail at firstname.lastname@example.org or call us at (415) 554-5531. Whether or not you discuss the matter with the Assessor, you also have the right to file an assessment appeal with the Assessment Appeals Board. The Appeals Board is an independent agency representing the Board of Supervisors and is not connected with, nor is it under the control of, the Assessor's Office, and Burden of Proof is requirement per CA law, https://www.boe.ca.gov/proptaxes/pdf/rules/Rule321.pdf
If I file an appeal do I still have to pay the property tax bill?
Yes. Filing an appeal does not exempt you from paying your property taxes as due because the assessment of your property is deemed correct until a change is made by the Assessment Appeals Board.
How do I file an Application for Changed Assessment?
An application must be filed, in writing with the Assessment Appeals Board at 1 Dr. Carlton B. Goodlett Pl., City Hall, Rm #405, San Francisco, CA 94102. You may request an application by calling the Assessment Appeals Board Clerk at 415-554-6778 or by mail at that address. The Assessment Appeals website is: https://www.sfgov.org/aab
When can I file an “Application for Changed Assessment”?
The normal filing period for filing an Application for Changed Assessment is July 2 to September 15th of the current fiscal year per CA law, https://www.boe.ca.gov/proptaxes/pdf/filingperiods.pdf
The filing period applies to any assessment produced for the annual assessment roll. If a bill for an assessment roll is mailed to you after the normal filing period has expired, the filing period is extended and you must then file an application within 60 days of the date of mailing of that tax bill.
Even if you file an appeal, you must still pay the bill by August 31st of the current fiscal year to avoid late payment penalties; a refund will be issued if the Assessment Appeals Board rules in your favor. August 31 due date for payments is per CA law, § 2922 Rev. & Tax. Code, https://www.boe.ca.gov/proptaxes/calendar.htm