• Wed. May 29th, 2024

Nevada County Business Owners Have Until May 7, 2024 to File their Business Property Statement: How to EFile or Mail It In

BySamantha Jones

Mar 27, 2024
Nevada County 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 filing period is open from January 1 through April 1, and failure to submit a statement by the deadline will result in a 10% 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 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.

There are two options for submitting your Business Property Statement: electronically or on paper. If you choose to eFile, you will receive notice to file letters in late January with the necessary information for electronic filing. One of the benefits of electronic filing is that once your prior year acquisition cost information is entered into the eFile system, it will be automatically carried forward each year, saving time and resources. You will also receive confirmation that your Business Property Statement has been successfully filed, providing peace of mind to the business owner.

For those who prefer to mail their statement, they can download a paper Business Property Statement through the e-filing web portal if they have received a notice to file letter. It is important to note that all information, including prior year costs, must be entered on the form each year. Paper forms must be filled out, signed

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.

Leave a Reply