Business Personal Property is everything which is not real property, typically portable or movable items. Business Personal Property includes furniture, equipment, machinery, security devices, signs, and personal effects not otherwise exempt by law.
The Colorado Business Personal Property tax is a levy on Business Personal Property used in a business or organization. The procedure for applying this tax is similar to that used for real property: the Assessor estimates a value for the property and consolidates the levies; the Treasurer then mails a tax bill to the property owner.
Business Personal Property is taxable if it is used for the production of income (that is: used in a business, organization, or rental property) at any time during the year, unless specifically exempted from taxation.