• Mon. May 27th, 2024

Countdown to Deadline: Nevada Business Owners Must File Property Statement by May 7th to Avoid Penalties

BySamantha Jones

Mar 28, 2024
Assessor Advises Businesses to Submit Business Property Statement to Prevent Penalties

Business owners in Nevada County have until May 7, 2024 to file their Business Property Statement with the Assessor’s Office. The deadline is just around the corner, and failure to comply could result in a 10% penalty. To avoid this, businesses must either eFile their statement or complete, sign, and return a paper statement by the deadline.

Notice to file letters were sent out in late January with details for electronic filing. Using the eFile system allows businesses to save time and resources by carrying forward prior year acquisition cost information automatically. It also provides confirmation that the Business Property Statement has been successfully filed. If you prefer to file a paper statement, you can download it through the e-filing web portal after receiving a notice to file letter. All information must be entered on the form annually, including prior year costs. Paper forms must be completed, signed, and postmarked or delivered by May 7th to avoid penalties.

For more information or assistance with filing, visit the Business Property webpage or contact the Assessor’s Office at business.property@nevadacountyca.gov or 530-265-1259. It’s important to note that any business that owns Personal Property and/or Fixtures totaling $100,000 or more must file a Business Property Statement, regardless of whether the Assessor requests it.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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