Nevada County Business Owners Have Until May 7 to File Business Property Statement: Here’s How to Make It Easy

Assessor Encourages Businesses to Submit Business Property Statement to Prevent Penalties

Business owners in Nevada County have only five weeks left to file their Business Property Statement with the Assessor’s Office. The filing period is open from January 1 through April 1, and May 7, 2024, is the last day to file without a penalty. To make it easier for businesses, they can choose to file electronically or by filling out a paper form.

Notice to file letters were sent out in late January with information on how to electronic file. One of the benefits of electronic filing is that once a business enters prior year acquisition cost information into the system, it will automatically carry forward each year, saving time and resources. Those who choose to eFile will receive confirmation that their statement has been successfully filed.

For those who prefer paper filing, businesses can download a paper Business Property Statement through the e-filing web portal if they have received a notice to file letter. However, all information on the form must be entered again each year, including prior year costs. Paper forms must be filled out, signed and postmarked or delivered by May 7th to avoid a penalty of 10%.

Businesses that own Personal Property and/or Fixtures with a combined cost of $100,000 or more must file a Business Property Statement even if not requested by the Assessor. It is essential for business owners to understand their obligations and ensure that they submit their statements before the deadline. For more information or assistance with re-sending notice to file letters or answering any questions regarding this topic, business owners can visit the Business Property webpage or contact the Assessor’s Office at business.property@nevadacountyca.gov or (530) 265-1259.

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