Last Chance Alert: Nevada County Business Owners Must File Their Property Statements by May 7 to Avoid Penalties

Nevada County Assessor urges businesses to submit Business Property Statements promptly to avoid fines.

Nevada County Business Owners Have Until May 7 to File Their Business Property Statements

Nevada County business owners have less than five weeks left to file their Business Property Statement with the Assessor’s Office. The filing period is open from January 1 through April 1, with May 7, 2024, being the last day to file without incurring a 10% penalty.

Businesses can either file their Business Property Statements (BOE 571-L) electronically or by using a paper form. Those who receive a notice to file letter from the Assessor must eFile their 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 in combined cost is required to file a Business Property Statement, even if not specifically requested to do so by the Assessor.

Notice to file letters were mailed out in late January. Filing electronically has benefits such as automatic carryover of prior year acquisition cost information, saving time and resources for businesses. Additionally, businesses will receive confirmation that their Business Property Statement has been successfully filed, providing peace of mind to the business owner.

Businesses can download a paper Business Property Statement through the e-filing web portal if they have received a notice to file letter. All necessary information, including prior year costs, must be entered on the form each year. Paper forms need to be filled out, signed

Nevada County Business Owners Have Until May 7 to File Their Business Property Statements Nevada County business owners have less than five weeks left to file their Business Property Statement with the Assessor’s Office. The filing period is open from January 1 through April 1, with May 7, 2024, being the last day to file…

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