This form is a contract for the lease of personal property. The lessor demises and leases to the lessee and the lessee takes and rents from the lessor certain personal property described in Exhibit "A".
Movable Property With Example In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00123
Format:
Word;
Rich Text
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Description
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FAQ
Business Personal Property includes all supplies, equipment and any fixtures used in the operation of a business. Exempt from reporting are business inventory, application software and licensed vehicles (except Special Equipment (SE) tagged and off-road vehicles).
You must report all business assets, including all fully depreciated assets and/or expensed assets. Do not report licensed vehicles, computer application software, and goods held for sale, rent, or lease (i.e., inventory).
Unsecured (Personal) Property Taxes are ad-valorem (value based) property taxes that the Office of the Los Angeles County Assessor assesses to the owner of record as of January 1 of each year. Because the taxes are not secured by real property such as land, these taxes are called “Unsecured.”
Property tax bills are issued by the County of Los Angeles Treasurer and Tax Collector. If you did not receive or misplaced your tax bill, you can request a duplicate online at .
If the piece of property you're looking to buy is in a county that doesn't have an online database, you can always call the county's Treasurer's office and give them the parcel number. They will be able to look up any back taxes and tax liens for you.
How to fill out the Business Personal Property Rendition Tax Form 50-144? Collect all necessary business and property details. Determine the market value of your property. Complete the required sections of the form. Review all information for accuracy. Submit the form to the appropriate appraisal district.
A personal property tax is imposed by state or local governments on certain assets that can be touched and moved such as cars, livestock, or equipment. Personal property includes assets other than land or permanent structures such as buildings.
The Form 571L or 571A constitutes an official request that you declare all assessable business property situated in this county which you owned, claimed, possessed, controlled or managed on the tax lien date. The form is approved by the State Board of Equalization (BOE) but forms are administered by the county.
Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital assets. The disposition of noncapital assets.
You may view a copy of your original Unsecured Property Tax Bill here. You may also call us at 1(213) 893-7935, press 1, 2, and then press 9 to reach an agent, Monday through Friday, between a.m. and p.m. Pacific Time, excluding Los Angeles County holidays.