Nevada County Assessor advises businesses to submit Business Property Statement to prevent penalties

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, and May 7, 2024, marks the last day to submit without a penalty.

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. And if your business owns Personal Property and/or Fixtures with a total combined cost of $100,000 or more, you must file a Business Property Statement even if not requested by the Assessor.

Electronic filing is an option for those who prefer it. Businesses that choose this method received notice to file letters in late January with all necessary information for electronic filing. One significant advantage 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. Additionally, businesses will 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 one through the e-filing web portal if they have received a notice to file letter. It’s crucial to note that 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 7th deadline; otherwise they will be subject to a 10% penalty.

For more information about filing your Business Property Statement with Nevada County’s Assessor’s Office, visit their webpage on business property taxation. If you need re-sent notice to file letters or have any questions or concerns regarding this matter, contact them at business.property@nevadacountyca.gov or call (530) 265-1259.

By Samantha Johnson

As a content writer at newsnmio.com, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

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