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

Business Property Statements: Nevada County Deadline for Filing is May 7th. How to File Electronically and Avoid Penalties.

Business owners in Nevada County have only a few weeks 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 last day to file without incurring a penalty of 10%. To make the process easier, businesses can either file their statements electronically or by using a paper form.

If you receive a notice to file letter from the Assessor, you must eFile your statement or complete, sign and return a paper statement to the Assessor’s Office. Additionally, 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 regardless of whether they were specifically requested by the Assessor.

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

If you have received a notice to file letter but prefer not to eFile your statement, you can download a paper Business Property Statement through the e-filing web portal. All necessary information must be entered on the form each year, including prior year costs. Paper forms need to be filled out carefully and signed before being postmarked or delivered by May 7th deadline to avoid incurring an additional fee of 10%. These forms can be easily downloaded from Cal Assessor eForms by searching for “571-L” and finding a fillable form online.

For additional information or assistance regarding this matter, business owners can visit the Business Property webpage on Nevada County’s website. If you have questions or need further clarification on anything related to filing your Business Property Statement with the Assessor’s Office in Nevada County, please don’t hesitate to email or call 530-265-1259 for assistance today!

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