Blank Declaration Forms
- DS 056 - General Personal Property
- DS 056S - Personal Property Short Form
- DS 058 - Renewable Energy Property
- DS 060 - Lessor Personal Property
- DS 155 - Residential Personal Property
- DS 618 - Coal Real and Personal Property
- DS 628 - Producing Mines Real and Personal Property
- DS 648 - Earth or Stone Products Real and Personal Property
Brochures (updated 01/2023)
Definition of Personal Property
"Personal property" includes machinery, equipment, and other articles related to a commercial or industrial operation that are either affixed or not affixed to the real property for proper utilization of such articles.
Personal Property examples:
It is the responsibility of the business to provide an accurate and complete list of their personal property to the Assessor. If information is not received from the business, then the Assessor will assign a best information available estimate as to the amount of personal property in the business.
The Declaration Schedule for personal property is sent to businesses and residences in January. These forms list an entity's assets which need to be updated every year. The form should be signed and returned by April 15th to avoid a penalty.
Updates on Personal Property
A new Colorado state law sponsored as House Bill 21-1312 concerning insurance premium property sales severance tax was signed by Governor Polis into law on June 23, 2021. Under the new law, commencing Jan 1st, 2023, business personal property exemption will change from $50,000 to $52,000.
Effective January 1, 2023, business owners whose Business Personal Property is $52,000 or less as per the Assessor Market Value, no longer need to pay a Personal Property Tax. Business Personal Property can be defined as everything which is not real property, typically portable or movable items.
Business Personal Property includes:
• Security devices
• Sign and personal effects not otherwise exempt by law.
The state will reimburse local governments for the lost property tax revenue caused by the increase, so it will have a net zero effect on the county Taxing Entities and be a bonus for Colorado taxpayers
The Assessor’s Office is available at 970-920-5160 or firstname.lastname@example.org. Filing Electronic Personal Property Declarations is strongly encouraged. Personal Property Declaration filings can be emailed to email@example.com. Filers will receive an automatic confirmation email receipt for their records. Filings may also be faxed to 970-920-5174.
Notice of Value
Notice of Valuations (NOV) are sent June 15th. To protest your personal property value, sign and return the NOV by June 30th. Please see the Appeal Guide for more information.
Senate Bill 22-220 has changed the Colorado Property Tax Deferral program. You may review that information at 2023 Colorado Property Tax Deferral Programs.
With the passage of Amendment E in the recent election, qualifying surviving spouses of Gold Star Veterans may apply for the Senior Citizen and Disabled Veteran Property Tax Exemption starting in 2023. There will be more information provided about this exemption in January of 2023.
House Bill 22-1223 has exempted residential manufactured homes $28,000 and under from property tax beginning in tax year 2022. You may review that information at 2023 Assessment Rates and Property Tax Adjustments.
Senate Bill 22-238 has changed the assessment rates on different classifications and added some property tax adjustments for both residential and commercial property owners for property tax year 2023. You may review that information at 2023 Assessment Rates and Property Tax Adjustments.
House Bill 22-1416 has changed the information that you will see on your Notice of Value in May of 2023 and beyond. You may review that information at 2023 Modification to Notice of Value.
Senate Bill 21-293 has changed the assessment rates on different classifications of property for tax year 2022. You may review those changes at 2022 Assessment Rate Modifications.
House Bill 21-1061 has changed the way Vacant Land is classified for property tax purposes. You may review those changes at vacant land classification.