Who must file a Business Property Statement (BPS)?
If the Assessor sends you a BPS, the law requires that you complete, sign and return the statement to the Assessor’s Office in the time period specified. Any business that owns Personal Property and/or Leasehold Improvements having a total combined cost or current market value of $100,000 or more is required to file a BPS even if the Assessor did not send you a formal request to do so. Also, any other business that is requested by the County Assessor to file, must file, regardless of the value of their assets.
If the Assessor sends you a BPS, the law requires that you complete, sign, and return the statement to the Assessor’s Office in the time period specified. Any business that owns Personal Property and/or Leasehold Improvements having a total combined cost or current market value of $100,000 or more is required to file a BPS even if the Assessor did not send you a formal request to do so. Also, any other business that is requested by the County Assessor to file, must file, regardless of the value of their assets.
If the Assessor sends you a BPS, the law requires that you complete, sign and return the statement to the Assessor’s Office in the time period specified. Any business that owns Personal Property and/or Fixtures having a total combined cost of $100,000 or more is required to file a BPS even if the Assessor does not request that you file one.