Personal Property Declaration Schedules
The Assessor mails Declaration Schedules as close to January 1, as possible. Taxpayers must return them to the Assessor by April 15. It is the responsibility of the business owner to obtain and file a Declaration Schedule if one is not received by mail. The owner of the property (as of January 1) is considered the owner for that entire assessment year. If a property changes ownership during the year, it is up to the buyer and seller to prorate the taxes. Neither the Assessor nor the Treasurer is involved in or responsible for this process. It is the responsibility of the taxpayer to notify the Assessor and the Treasurer when a business changes ownership. If a business closes after the January 1 assessment date, the taxpayer is responsible for the entire year. The County Assessor’s duty is to value personal property for property tax purposes. The property owner files a Declaration Schedule with the Assessor, listing information regarding the Business Personal Property which enables the Assessor to estimate the actual value of the property. Actual Value (Market Value) is estimated by following the guidelines and procedures set forth by the State of Colorado. Federal depreciation or accounting methods are not allowable methods of valuation.