Survey Topic — Business Property Statement Program

Description

Section 441(a) provides that each person owning taxable personal property (other than a manufactured home) having an aggregate cost of $100,000 or more for any assessment year shall file a signed business property statement (BPS) with the Assessor. Those persons owning personal property not required to file a BPS must do so only upon request from the Assessor.

Section 441(b) provides that the BPS shall be signed under penalty of perjury and filed annually with the Assessor between the lien date and 5 p.m. on April 1. The penalty provided for in section 463 shall apply if the BPS is not filed by 5 p.m. on May 7.