Last Chance to File: Nevada County Business Owners Must Submit their Business Property Statement by May 7th

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

In Nevada County, business owners have just over a month left to file their Business Property Statement with the Assessor’s Office. The filing period is open from January 1 through April 1, with May 7, 2024, being the final day to submit without incurring a penalty. Businesses can choose to file their statements electronically or by using a paper form.

Businesses that receive a notice to file letter from the Assessor must eFile their statement or complete and return a paper statement to the office. Additionally, any company that owns Personal Property and/or Fixtures valued at $100,000 or more must file a Business Property Statement, regardless of whether they were specifically requested to do so by the Assessor.

Notice to file letters were mailed out in late January, providing businesses with all necessary information for electronic filing. Filing electronically has several advantages such as automatic carryover of prior year acquisition cost information, saving time and resources for businesses. Upon submission, businesses will receive confirmation that their Business Property Statement has been successfully filed, offering peace of mind to owners.

If businesses do not have access to electronic means of filing or prefer not to do so, they can download a paper Business Property Statement through the e-filing web portal after receiving a notice to file letter. All required information including prior year costs must be entered on the form annually. Paper forms should be completed, signed and postmarked or delivered to the Assessor’s Office by May 7th to avoid penalties. These forms can be downloaded from Cal Assessor eForms by searching for “571-L” and finding a fillable form available for download.

For additional information or assistance on this matter, business owners can visit the Business Property webpage on Nevada County’s website or contact them via email at business.property@nevadacountyca.gov or call (530) 265-1259 if they require further clarification or need re-sent notice letters

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