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Personal Property
Personal Property Definition

Personal Property includes machinery, equipment, furniture and other articles related to the business of a commercial or industrial operation.  Personal property typically rented for 30 days or less is exempt, as are inventories of merchandise, materials, and supplies that are held primarily for sale.  With the exception of works of art on public display, personal property is taxable for the entire year regardless of conveyance, relocation, destruction, or change in taxable status.

For tax years 2013 and 2014, personal property under common ownership with a combined total actual value less than or equal to $7,000 per county is exempt.  For tax years 2015 and 2016, personal property under common ownership with a combined total actual value less than or equal to $7,300 per county is exempt.

For more information regarding personal property in the State of Colorado, you may download and view the brochure titled Property Valuation and Taxation for Business and Industry in Colorado 2015 http://www.colorado.gov/pacific/dola/node/99311

Protest Instructions

Download Personal Property Declaration  Form DS-056 - General Personal Property