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Time’s Running Out: Nevada County Businesses Must File Business Property Statements by May 7, 2024

Assessor Encourages Businesses to Submit Business Property Statement to Prevent Penalties

Time’s Running Out: Nevada County Businesses Must File Business Property Statements by May 7, 2024

The deadline for Nevada County business owners to file their Business Property Statement with the Assessor’s Office is fast approaching. There are less than five weeks left, with May 7, 2024 being the last day to file without a penalty. Businesses can choose to file their statements electronically or by filling out a 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 to the Assessor’s Office. Additionally, any business that owns Personal Property and/or Fixtures with a total cost of $100,000 or more must also submit a Business Property Statement, even if not requested by the Assessor.

Electronic filing has several benefits, including saving time and resources as prior year acquisition cost information will automatically carry forward each year. Businesses who choose this option will receive confirmation that their Business Property Statement has been successfully filed. On the other hand, businesses who prefer to file on paper can download it through the e-filing web portal if they have received a notice to file letter. However, all information, including prior year costs, will need to be entered on the form each year. Paper forms must be filled out and postmarked or delivered by May 7th to avoid penalties.

For more information about this topic, business owners can visit the Business Property webpage or contact the Assessor’s Office at [business.property@nevadacountyca.gov](mailto:business.property@nevadacountyca.gov) or 530-265-1259 for assistance with re-sending notice to file letters or answering any questions they may have

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