Each year Business Property Statements, which provide a basis for determining property assessments for fixtures and equipment, are mailed by the Assessor to most commercial, industrial, and professional firms. Businesses with personal property and fixtures that cost $100,000 or more must file a Business Property Statement (571-L) each year by April 1. Business inventory is exempt from taxation. We understand the filing of forms can be tedious and often at times vague. With this understanding, Assessor Prang will be hosting "How to Prepare and File your 571-L & 571- R Business Property Statements and Guidance under COVID-19" on Monday, March 15, 2021 from 1:00pm- 2:30pm. During this webinar, you will learn how to e-file your annual Business Personal Property Statement, tax saving tips, and how to avoid penalties and liens. Zoom space is limited. Please RSVP at this link below: https://assessor.lacounty.gov/events/ LA County Assessor's Office is looking forward to your participation and assisting you.
Shared by the Compton Chamber of Commerce on behalf of the Office of the Los Angeles County Assessor