Personal Property Statement With Example In Contra Costa

Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00123
Format:
Word; 
Rich Text
Instant download

Description

The Personal Property Statement, exemplified for Contra Costa, serves as a crucial document for leasing personal property between a Lessor and a Lessee. This form outlines the terms of the lease, including the identification of the property, duration of the lease, maintenance responsibilities, and the relationship between the parties involved. It stipulates that the Lessee is responsible for repairs and cannot assign or sublet the property without the Lessor's consent. The statement also includes provisions related to indemnity and attorney's fees in case of a breach, ensuring both parties are legally protected. Filling out the form requires clearly documenting the property, identifying both parties, and specifying the lease duration. Moreover, it must be signed by representatives from both parties. This form is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants, as it ensures compliance with lease obligations and helps prevent disputes. The structure of the document makes it accessible for users with varying legal expertise, further promoting clarity and understanding.
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FAQ

The formula involves multiplying the assessed value by the Contra Costa County property tax rate, which includes the base rate of 1% plus any voter-approved local assessments and bonds. The actual property tax rate ends up being around 1.3% of a home's assessed value.

2026 REQUEST FOR VALUE REVIEW (PROP 8) California State Revenue and Taxation Code, Section 51 authorizes the Assessor to temporarily lower the assessed value of any real property when it is greater than the market value as of January 1, lien date.

Under Article XIII, Section I of the California Constitution, all property is taxable unless it is exempt. Each year Personal Property is reassessed as of lien date, January 1st. Personal Property is all property except real estate and can include business equipment, vessels, aircraft, vehicles and manufactured homes.

Copies of previous (up to 11 years) and current tax bills can be found on line by going to Account Lookup. Taxpayers may also call our office, 925-608-9500 and/or email Tax Information us to request a duplicate tax bill.

Personal property includes: Machinery and equipment. Furniture. Stocks and Bonds: If personal property is sold by a bona fide resident of a relevant possession such as Puerto Rico, the gain (or loss) from the sale is treated as sourced with that possession.

5 steps to fill out a business personal property rendition quickly and accurately Review your property tax accounts. Take stock of your assets. Select the appropriate business personal property rendition forms. Prepare the personal property renditions. File your business personal property rendition packages.

Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.

Classifications Intangible. Tangible. Other distinctions.

Personal property is distinguished from real property in that it is usually movable and not permanently affixed as are land, buildings, and vines.

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Personal Property Statement With Example In Contra Costa