This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Personal Property Business Form With Decimals In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
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.
California's property tax rate is 1% of assessed value (also applies to real property) plus any bonded indebtedness voted in by the taxpayers.
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.”
Los Angeles County sales tax details The minimum combined 2025 sales tax rate for Los Angeles County, California is 10.25%. This is the total of state, county, and city sales tax rates. The California sales tax rate is currently 6.0%. The Los Angeles County sales tax rate is 0.25%.
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.
As it stands, commercial properties in California are primarily taxed at a foundational rate of 1% of their assessed value, thanks to the provisions set forth by Proposition 13. This means if a commercial property has an assessed value of $1 million, the base property tax owed would be $10,000.
California corporate taxes It's a flat 8.84%, and applies to net taxable income from any business activity in the state.
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).
