For all persons who own, possess or control taxable personal property, including furnishings, equipment and other movable personal property, the deadline to file a Personal Property Declaration Schedule is April 15.
All persons of La Plata County who own, possess or control taxable personal property with a total actual value greater than $7,400 per owner are required to report their personal property to the La Plata County Assessor. Failure to declare personal property by the deadline will cause the assessor to value property based on the “best information available” and attach a penalty to the tax bill.
Taxable personal property includes:
All residential household furnishings used to produce incomeEquipment, furniture and machinery used by commercial, industrial and natural resource operationsProperty used in an agribusiness that does not qualify as agricultural pursuant to Section 39-1-102 (1.6) (a), C.R.S.Expensed assets with a life greater than one yearFully-depreciated assets still in usePersonal property in storage that is subject to IRS depreciationLeasehold improvementsEquipment that is licensed as a motor vehicle is not reported on the Personal Property Declaration Schedule.
If a declaration schedule was not received or for more information, contact the La Plata County Assessor at 382-6231.
