Don’t Miss the Business Property Statement Deadline in Nevada County: Everything You Need to Know

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

Business owners in Nevada County have just a few 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 submit without incurring a penalty. There are two ways for businesses to submit their statements – electronically or by using a paper form.

If you receive a notice to file letter from the Assessor, you must either eFile your statement or complete, sign and return a paper statement by May 7. Additionally, any business that owns Personal Property and/or Fixtures valued at over $100,000 must submit a Business Property Statement even if not specifically requested by the Assessor.

Notice to file letters were mailed out late in January. Filing electronically has several benefits such as automatic carryover of prior year acquisition cost information, saving time and resources for businesses. You will also receive confirmation that your Business Property Statement has been successfully filed, providing peace of mind for the business owner.

To download a paper Business Property Statement form, visit the e-filing web portal and search for “571-L”. 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 before May 7th deadline to avoid a penalty of 10%. If you have any questions or require re-sent notice to file letter email or call (530)265-1259 for additional information or assistance.

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