Personal Property Declarations due Monday, April 17

The county assessor reminds all persons owning, possessing or controlling taxable personal property with a total actual value greater than $52,000 per owner, per county, are required to report the personal property to the county assessor. The deadline for filing a Personal Property Declaration Schedule is Monday, April 17.

Failure to declare your personal property each year by the deadline will result in the assessor valuing your property using the “best information available” and attaching a penalty to your tax bill. 

Taxable personal property includes equipment, furniture, and machinery used by commercial and industrial operations. Property used in an agribusiness that does not qualify as agricultural pursuant to § 39-1-102(1.6)(a), C.R.S.is also considered taxable. Fully depreciated assets still in use and leased improvements.

Equipment that is licensed as a motor vehicle (SMM plate or Z-Tab) is not reported on the Personal Property Declaration Schedule.

If you have questions about the Personal Property Declaration Schedule, or if you did not receive a declaration schedule, please contact the assessor’s office at 970-854-3151.