Businesses in Alameda County have an additional three weeks this year to file their personal property statements with the county assessor.
California levies a property tax on furniture, machinery, equipment and supplies used in running a business. Owners are required to submit property statements to the county assessor by May 7, and face an automatic 10% penalty for filing late.
But Alameda County Assessor Phong La last week extended the deadline to June 1, because of the COVID-19 pandemic and statewide shelter-at-home order that has shut down most businesses. The late penalty will be applied to filings received after that date.
“Small Businesses are the backbone of our local economy here in Alameda County and we know they are experiencing financial stress unlike anything we have seen before,” La said. “We are doing anything within our power to support businesses and our residents in these challenging times. By allowing timely filings until June 1 without issuance of penalties, we hope this will help Alameda County tax payers.”
La said more than 6,000 county businesses had already filed via the assessor’s website. Business may also scan properly signed property statements and send them by email. Although currently closed because of COVID-19, La said the assessor’s office would accept paper statements dropped off on June 1.