Last Chance to File Business Property Statement in Nevada County: Avoiding the 10% Penalty

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

Business owners in Nevada County have just over four weeks left to file their Business Property Statement with the Assessor’s Office. This filing period is open from January 1 through April 1, with May 7, 2024, being the last day to file without incurring a 10% penalty.

To make the process easier and more efficient, businesses can choose to eFile their statement or use 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 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, even if not specifically requested to do so by the Assessor.

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 and saves time and resources for businesses. It also provides peace of mind for business owners by providing confirmation that their Business Property Statement has been successfully filed.

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. Paper forms need to be filled out, signed, and postmarked or delivered to the Assessor’s Office by May 7 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.

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

In summary, business owners in Nevada County have until May 7th

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