PLEASE TAKE A MINUTE TO READ THIS IMPORTANT LETTER. 
             SEE REVERSE FOR IMPORTANT TAX LAW CHANGES. 
  
 Dear Business Owner: 
  
 Enclosed you will find a Business Property Statement. This information is due annually and as such I respectfully 
 request that you complete the statement and return it to my office as soon as possible. 
  
 This is your declaration of property situated in San Mateo County at 12:01 a.m. on January 1, 2019. Failure to 
 comply with these instructions may subject you to a penalty pursuant to Section 463 of the California Revenue 
 and Taxation Code. 
  
 The Business Property Statement is a “general” form and is sent to a wide variety of business concerns. As 
 such, you may find that portions of the form are not applicable to your business. Instructions are enclosed which 
 offer some completion guidelines. If you have moved to a new location within the county, please correct 
 the situs address of your business. If you have moved out of the county, sold your business or gone out of 
 business, pleasecomplete  Business Change Form below. 
  
 I urge you to make your statement as complete and accurate as possible. If you require assistance in completing 
 this form, my office is available to help you. It is located at 555 County Center, Redwood City. For assistance 
 please call 650.363.4501, email PPDutyAuditor@smcacre.org,or            visit our website at www.smcacre.org. 
  
 Sincerely, 
  
 Mark Church 
 Assessor – County Clerk – Recorder 
   
                                 BUSINESS CHANGE FORM 
                                                    •  SOLD YOUR BUSINESS 
   SEE INSTRUCTIONS BELOW IF YOU HAVE               •  MOVED OUT OF COUNTY 
                                                    •  GONE OUT OF BUSINESS 
  If you no longer have property located within the county, please complete the form below; sign it, attach to statement 
  form and return BOTH to this office immediately. If you have moved within the county, please make corrections 
  to the Business Property Statement form. 
 
  NAME ___________________________________________ ACCOUNT NO. ___________________   
  CURRENT LOCATION                                                                                              
  ADDRESS ________________________________________________________________________  
    SOLD BUSINESS                 CLOSED OUT BUSINESS                    DATE___________________________   
                                                                         
  NEW OWNER’S NAME ______________________________________________________________   
    MOVED OUT OF COUNTY _______________________ DATE ___________________________  
  PRIOR LOCATION __________________________________________________________________  
  SIGNATURE _________________________ PHONE NO. _______________ DATE ____________  

                     IMPORTANT TAX LAW CHANGE 
 
Revenue and Taxation Code Sections 480.1 and 480.2 requires legal entities (corporations, 
partnerships, limited liability companies, etc.) to file form BOE-100-B with the State Board of 
Equalization (Board) whenever there is a change in control or change in ownership of a legal 
entity  and the entity owns California real property or leases it from a government entity for any 
term or from a private owner if the remaining term of the lease is 35 years or more. 
 
Effective January 1, 2010 the penalty provisions changed; entities must now file with 
the Board within 45 days of the event date or be subject to a late filing penalty (10% of 
the taxes on all the real property owned by the entity within each county). 
 
A change in control occurs when any person or entity obtains more than 50% of the 
ownership interest in the legal entity.  A change in ownership is a transfer of ownership 
interests in an entity that results in a cumulative transfer of more than 50% of original co-owner 
interests in that entity; original co-owners status originates when property is excluded from 
reassessment under section 62(a)(2) in a prior transaction. 
 
Information on filing requirements and penalty provisions is available on the Board’s website at 
http://www.boe.ca.gov/proptaxes/leop.htm. (Note: Part I, question G of the Business Property 
Statement and Agricultural Property Statement asks about changes in control and real 
property ownership.)