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".
Personal Property Statement With No Intrinsic Value Called In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00123
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Property owners who occupy their homes as their principal place of residence on the lien date (January 1st), and each year thereafter, are eligible for the exemption if they file a claim.
Tangible personal property can be subject to ad valorem taxes, meaning the amount of tax payable depends on each item's fair market value. In most states, a business that owned tangible property on January 1 must file a tax return form with the property appraisal office no later than April 1 in the same year.
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.
"Tangible personal property." "Tangible personal property" means personal property which may be seen, weighed, measured, felt, or touched, or which is in any other manner perceptible to the senses.
Homeowners' exemption If you own and occupy your home as your principal place of residence, you may be eligible for an exemption of up to $7,000 off the dwelling's assessed value, resulting in a property tax savings of approximately $70 to $80 annually.
Proposition 8 was passed in November 1978 as an amendment to Proposition 13 and implemented as Revenue & Taxation Code Section 51(a)(2). It annually caps the assessed value of property as of the lien date (January 1) at the lesser of its market value or its factored base year value.
Proposition 90 is designed to induce greater turnover of homes owned by senior citizens. The measure offers anyone over the age of 55 relief from Proposition 13 by allowing them to move from one county to another without undergoing a change in their basic property taxes.
More info
What is business personal property? There are three ways to file the Business Property Statements (571-L). 1.Filing your statement via the internet. 2. If you do not file a property statement, the assessor will estimate the assessable value. To pay for unsecured property (businesses, boats, and airplanes), you will need: Assessment number; Assessor's account number; Business name or business address. The guide is divided into eight sections – (I) Overview for. Filing a Business Property Statement, (II) Filing a Form 571-L Electronically (e-File),. Secured Property Tax (ex. All intangible personal property is exempt from local property taxation in. Massachusetts. Total of 86 forms are available for Santa Clara County for 2025.