• Sun. Jun 23rd, 2024

Nevada County Business Owners Have Until May 7 to File Business Property Statements

BySamantha Johnson

Mar 27, 2024
Nevada County Assessor urges businesses to submit Business Property Statements promptly to avoid fines.

Business owners in Nevada County have until May 7, 2024, to file their Business Property Statement with the Assessor’s Office. This filing period is open from January 1 through April 1, and businesses must submit their statements electronically or via a paper form.

If a business receives a notice to file letter from the Assessor, they 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 and contain all necessary information for electronic filing. Filing electronically has benefits such as automatic carryover of prior year acquisition cost information, saving time and resources for businesses. Additionally, businesses will receive confirmation that their Business Property Statement has been successfully filed, providing peace of mind to the business owner.

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, including prior year costs, 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

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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