• Wed. May 29th, 2024

Last Weeks Remaining for Businesses to File Business Property Statement in Nevada County: Electronic or Paper Submission Options with 10% Penalty if Missed

BySamantha Nguyen

Mar 27, 2024
Nevada County Assessor advises businesses to submit Business Property Statement to prevent penalties

In Nevada County, there are only a few weeks left for business owners to file their Business Property Statement with the Assessor’s Office. The deadline for filing is May 7, 2024 and failure to do so may result in a 10% penalty. The filing period is open from January 1 through April 1.

Businesses have two options to file their statement: 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, sign, 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.

Those who choose electronic filing received notice to file letters in late January with the necessary information for electronic filing. Electronic filing offers several benefits such as saving time and resources since prior year acquisition cost information will be automatically carried forward each year. It also provides peace of mind to business owners as they receive confirmation that their Business Property Statement has been successfully filed once it has been entered into the system.

On the other hand, those who prefer to mail in their paper statements can download them through the e-filing web portal if they have received a notice to file letter. However, it’s important 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 before May 7th deadline otherwise they will be subject to a 10% penalty.

For more information about this topic, business owners should visit the Business Property webpage of Nevada County’s official website at www.[nevadacountyca][dot]gov[dot]com/business-property/. If they need re-sent notice to file letters or have further questions about this topic, they can contact Nevada County’s Assessor’s office at [business][dot]property@[nevadacountyca][dot]gov[dot]com or call (530) 265-1259

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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