• Mon. May 20th, 2024

Final Deadline Approaches for Business Property Statement Filings in Nevada County: Avoid Penalties with Timely Submission

BySamantha Jones

Mar 28, 2024
Assessor Advises Businesses to Submit Business Property Statement to Prevent Penalties

Business owners in Nevada County have less than five 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 a deadline of May 7, 2024, to avoid a 10% penalty. This means that businesses have until May 7th to submit their statements and avoid penalties.

If you receive a notice to file letter from the Assessor, you are required by law to either 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 must file a Business Property Statement, regardless of whether the Assessor requests it.

Notice to file letters were sent out in late January with details for electronic filing. Using the eFile system allows businesses to save time and resources by carrying forward prior year acquisition cost information automatically. It also provides confirmation that the Business Property Statement has been successfully filed. For those who prefer not to use the eFile system, they can download the form through the e-filing web portal after receiving a notice to file letter. All information, including prior year costs, must be entered on the form annually. Paper forms must be completed, signed, and postmarked or delivered by the May 7 deadline to avoid a penalty. Paper Business Property Statements can be downloaded from Cal Assessor eForms by searching for “571-L”.

For more information or assistance with filing, visit the Business Property webpage or contact the Assessor’s Office at business.property@nevadacountyca.gov or (530) 265-1259

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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