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Personal Property
Do I have to file a Business Property Statement?
  Yes, if the aggregate cost of taxable personal property is $100,000 or more, or if you are mailed a statement by the Assessor. Failure to complete and file this form (571-L) will result in the Assessor's estimating the value of your business property, and adding a 10% penalty to the assessment. (R&T Code 441, 463 & 501)
 
  Posted by Website, Tuesday, June 29, 2004

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