Personal Property Valuation

Overview of Taxable Personal Property


Colorado Statute requires anyone who owns a business or rents out their residential property on a short or long term basis to declare their business equipment or residential rental furnishings. Taxable property includes, but is not limited to:
  • Artwork
  • Computers
  • Decorative rugs
  • DVD / VCR / BluRay / 3D players
  • Equipment
  • Furniture
  • Machinery
  • Point of sale systems
  • Security devices
  • Solar systems (installed on a commercial structure)
  • Telephone systems
  • Televisions

This includes all assets used in the business or the rental property whether acquired new, used or received as a gift or the result of a real estate or business sale. This information is required to be filed annually with the assessor.

Resources


Reappraisal


Personal property is reappraised every year. Usually these values are established using information submitted by the property owners; if complete and accurate data is not provided, the assessor uses other sources of information to set a reasonable value.

Notices of Valuation are sent on June 15. The Assessor notifies owners of their valuations via a summary Notice of Valuation (NOV) postcard. More detailed information, as well as historical NOV images, can be viewed in the Notice of Valuation Archive.