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

Nevada County Business Owners Reminded of May 7 Deadline for Filing Property Statement

As a reminder, businesses 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 the statement by the deadline will result in a 10% penalty.

There are two options for submitting the Business Property Statement: electronically or via paper form. If a business receives a notice to file letter from the Assessor, they must either eFile their statement or complete and return a paper statement. 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.

For those who prefer to file electronically, they received notice to file letters in late January with the necessary information for electronic filing. One of the main benefits of electronic filing is that once prior year acquisition cost information is entered into the eFile system, it will be automatically carried forward each year, saving time and resources. Electronic filers will also receive confirmation that their Business Property Statement has been successfully filed.

Businesses who prefer to mail in their paper statement can download it 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 and postmarked or delivered to the Assessor’s office by May 7th deadline or else they will be subject to a 10% penalty.

For more information about this process, business owners can visit the Business Property webpage or email

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