Assessor Encourages Businesses to Submit Business Property Statement to Prevent Penalties
Business

Time is Running Out: Nevada County Business Owners Must File Business Property Statement by May 7, 2024

Nevada County Assessor Rolf Kleinhans is reminding business owners that there are only a few weeks left to file their Business Property Statement with the Assessor’s Office. The filing period, which runs from January 1 through April 1, will close on May 7, 2024. Businesses have two options for submitting their statements – electronically or by filling out a paper form.

If you received a notice to file letter from the Assessor, you must comply with the law and 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.

Electronic filing offers several benefits such as saving time and resources by automatically carrying forward prior year acquisition cost information into the system. Once you enter this information into the system, it will be used each year without needing to re-enter it manually. You will receive confirmation that your Business Property Statement has been successfully filed once you submit your electronic form.

For those who prefer to file a paper statement, businesses can download one through the e-filing web portal if they 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, signed and postmarked or delivered to the Assessor’s Office by May 7th deadline to avoid a 10% penalty.

For more information about this topic or if you have questions about re-sending notice to file letters or anything else related to filing your Business Property Statement in Nevada County, please 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.

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