Assessor Advises Businesses to Submit Business Property Statement to Prevent Penalties

Avoiding Penalties: Nevada County Business Owners Have until May 7 to File their Property Statement with Assessor’s Office.

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, with a deadline of May 7 to avoid 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 totaling $100,000 or more must file a Business Property Statement, regardless of whether the Assessor requests it.

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.

For those who prefer to file a paper statement, they can download the form through the e-filing web portal after receiving a notice to file letter. All information, including prior year costs, must be entered on the form annually. Paper forms must be completed, signed, and postmarked or delivered by the May 7 deadline to avoid a penalty. Paper Business Property Statements can be downloaded from Cal Assessor eForms by searching for “571-L”.

For more information or assistance with filing, visit the Business Property webpage or contact the Assessor’s Office at or 530-265-1259.

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