Personal Property FF&E

RPC will review your Business Personal Property Tax Assessments for errors, correct and prepare your annual 571-L statements and submit them via US certified mail

The primary source of excessive assessments is the result of property tax audits by the county assessor

If you have recently been audited, or have been notified of a property tax audit, it is important to take action immediately. The window for correcting an audit is very short.

The second most common source of excessive assessments involves the annual Form 571 filed with the assessor

If you have recently been audited, or have been notified of a property tax audit, it is important to take action immediately. The window period for correcting an audit is very short.

Usually, however, errors made by the taxpayer, when filing the Form 571, result in excessive tax assessments.

Our Experts

RPC Property Tax Advisors

Areas of Error Include:

571 Declarations. A common error is declaring abandoned fully depreciated equipment that has not been removed from the financial ledgers.

Misclassification of equipment on Form 571. Accounting records may have only 2 or 3 different categories so computer equipment, which loses value quickly, may be reported as office equipment, which retains value for a longer period.

Equipment located in other countries, states or counties may accidentally be on the ledgers, and reported to assessors.

Retrofits and repairs that do not add any value may also be included in the over assessment.

Personal Property Services Provided

California Assessors Form 571-L Taxable Business Personal Property (FF&E). Review County Assessment, Analyze Actual Business FF&E, 571 Statement Preparation and Certified Statement Submission

Personal / Business Property Tax Appeal Representation and Consulting.

Personal / Business Property County Assessor Audit Representation and Consulting.

Protecting You from Excessive Business Property tax assessments

Get your no cost review. The sooner we start the process, the sooner you will benefit from reduced property taxes.