• Sat. May 18th, 2024

Rushing to Meet Deadline: The Pressure is On for Business Owners in Nevada County to File Business Property Statements on Time

BySamantha Jones

Mar 27, 2024
Nevada County 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 May 7, 2024, being the last day to file without a penalty. The statement must be filed electronically or by filling out a paper form.

If a business receives a notice to file letter from the Assessor, they are required by law to either eFile their statement or complete and return a paper statement to the Assessor’s Office. Additionally, any business that owns Personal Property and/or Fixtures with a total combined cost of $100,000 or more must file a Business Property Statement even if not requested by the Assessor.

Businesses who opt for electronic filing received notice letters in late January with the necessary information for electronic filing. One of the main benefits of eFiling is that once prior year acquisition cost information is entered into the system, it will be automatically carried forward each year, saving time and resources. Businesses will also receive confirmation that their Business Property Statement has been successfully filed, providing peace of mind to the business owner.

For those who prefer to mail their paper statements, they can download them through the e-filing web portal if they have received a notice to file letter. However, all information on the form must be entered each year including prior year costs. Paper forms must be filled out, signed and postmarked or delivered to the Assessor’s office by May 7 deadline or else they will face penalties.

For more information about this important deadline and how to properly file your Business Property Statement in Nevada County, visit our Business Property webpage today. If you need further assistance or have questions about re-sent notice letters or anything else related

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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