The Last Week to File Business Property Statements in Nevada County: Tips and Tricks for a Smooth Process

Nevada County Assessor urges businesses to submit Business Property Statements promptly to avoid fines.

In Nevada County, business owners have less than five weeks left to file their Business Property Statement with the Assessor’s Office. The filing period runs from January 1 through April 1, with May 7, 2024, being the last day to do so without incurring a 10% penalty.

To make the process as easy as possible for businesses, they can choose to file electronically or by using a paper form. Those who receive a notice to file letter from the Assessor must eFile their statement or complete, sign, and return a paper statement by May 7th.

It is important to note that any business that owns Personal Property and/or Fixtures totaling $100,000 or more in combined cost is required to file a Business Property Statement, even if not specifically requested to do so by the Assessor. This includes all businesses that own and operate within Nevada County.

Notice to file letters were mailed out in late January containing all necessary information for electronic filing. Filing electronically has benefits such as automatic carryover of prior year acquisition cost information, saving time and resources for businesses. Additionally, businesses will receive confirmation that their Business Property Statement has been successfully filed, providing peace of mind to the business owner.

Businesses can download a paper Business Property Statement through the e-filing web portal if they have received a notice to file letter. All necessary information must be entered on the form each year, including prior year costs. Paper forms need to be filled out, signed and postmarked or delivered by May 7th deadline to avoid a 10% penalty. These paper forms can be downloaded from Cal Assessor eForms by searching for “571-L” to find a fillable form.

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