California state law automatically applies a 10% penalty for those who file late after May 7th. Executive Order N-62-20 effectively extends the filing deadline for Business Personal Property Statements from today, May 7, to Monday, June 1, 2020, helping businesses avoid a state-mandated 10% penalty.
Businesses are required to report their taxable business personal property with a combined value of $100,000 or if requested to do so with the Assessor’s office on an annual basis. State law requires that a 1% tax be applied to all business property valued (in total) of $5,000 or more. The County Assessor Business Personal Property Division mailed approximately 64,000 statements to business, aircraft, and vessel owners. As of May 6th, only 23,000 statements, which account for less than 50% of the mandated filers, had filed.
Eligible business owners are strongly encouraged to e-file their statements online by June 1st through our secure and convenient e-file system. Questions regarding e-filing or general assistance can receive support by calling (858-)505-6100 or via e-mail: ARCCBusinessE-file.FGG@sdcounty.ca.gov.
Ernest J. Dronenburg, Jr. was re-elected in 2018 as the San Diego County Assessor/ Recorder/ County Clerk. Dronenburg has ushered in award winning services providing veteran property tax relief and modernized office systems leading to more online services, reducing paper waste, and eliminating a backlog of taxpayer assessment appeals.