Don’t Miss the Deadline: Submit Your Business Property Statement by May 7, 2024

Assessor Encourages Businesses to Submit Business Property Statement to Prevent Penalties

As a reminder, Nevada County Assessor Rolf Kleinhans is urging business owners to submit their Business Property Statement before the deadline of May 7, 2024. The filing period for this statement is from January 1 to April 1. If a penalty of 10% is not paid by May 7th, it will be added to the amount owed.

Businesses have two options for submitting their statement: electronically or by filling out a paper form. Those who receive a notice to file letter from the Assessor are required to either eFile their statement or complete, sign, and return a paper statement to the Assessor’s Office. Additionally, any business that owns Personal Property and/or Fixtures with a total combined cost of $100,000 or more must file a Business Property Statement even if not requested by the Assessor.

Electronic filing has several advantages over traditional paper filing methods. Once businesses enter prior year acquisition cost information into the system, it will automatically carry forward each year, saving time and resources. Electronic filers will also receive confirmation that their Business Property Statement has been successfully filed.

For those choosing to file a paper statement, businesses can download a paper Business Property Statement through the e-filing web portal if they have received a notice to file letter. It is important to note that all information, including prior year costs, will need to be entered on the form each year. Paper forms must be filled out, signed

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