Last Chance: Nevada County Business Owners Have Less Than Five Weeks Left to File Business Property Statement

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

Business owners in Nevada County have less than five weeks left to submit their Business Property Statement to the Assessor’s Office. The filing period is open from January 1st through April 1st, with May 7th, 2024 being the last day to file without incurring a 10% penalty. Businesses can choose to submit their statements electronically or via a paper form.

Those who receive a notice to file letter must either eFile their statement or fill out and return a paper statement by the deadline. Additionally, any business that owns Personal Property and/or Fixtures worth more than $100,000 must file a Business Property Statement, even if not specifically requested by the Assessor.

Notice to file letters were mailed out in late January and contain all necessary information for electronic filing. Filing electronically offers benefits such as automatic carryover of prior year acquisition cost information, saving time and resources for businesses, and receiving confirmation that the statement has been successfully filed. This provides peace of mind for business owners.

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

For additional information or assistance, business owners can visit the Business Property webpage or contact email business.property@nevadacountyca.gov or call 530-265-1259 if they need a re-sent notice to file letter or have any questions about submitting their Business Property Statement before the deadline.

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