Form Ds 155a-61-14 - Residential Personal Property Declaration Schedule - 2015 Page 2

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Form DS 155A-61-14
STATE OF COLORADO
GENERAL INFORMATION
(Declaration Schedules and Attachments Are Confidential And Private Documents By Law.)
For these instructions, please refer to the following statutes: §§ 39-3-102, 39-3-118.5, 39-3-119.5, 39-5-104.5, 39-5-104.7,
39-5-107, 39-5-108, 39-5-108.5, 39-5-110, 39-5-113 through 117, 39-5-120, and 39-21-113(7), C.R.S.
In accordance with § 39-3-119.5, C.R.S., you are not required to file this declaration
if the total actual value of your personal property per county is $7,300 or less.
If you are unsure as to whether the total actual value of your personal property per county exceeds $7,300, please
contact the county assessor.
WHO FILES A DECLARATION SCHEDULE? The owner (legal titleholder) of taxable personal property, their agent,
and those in possession and/or control of taxable personal property as of January 1 must file a declaration schedule. All
personal property, such as a business/organization’s:
 Equipment  Security Devices  Machinery  Household Furnishings  Personal Effects, not otherwise exempt by law,
must be listed on this schedule.
IS YOUR RENTAL NEW? ARE YOU A NEW OWNER? If you answer “yes” to either question, or you have never filed
with the county assessor and you own taxable personal property, you are required to provide a complete detailed listing of all
machinery, equipment, and other personal property. Please include:  Item ID Number  Property Description  Model
Number  Year Acquired  Original Installed Cost to You.
PRORATION OF PERSONAL PROPERTY VALUE IS GENERALLY NOT ALLOWED.
As of January 1, 1996, the only proration of personal property value allowed is for Works of Art loaned to and used for
charitable purposes by an exempt organization. If other taxable personal property was located in Colorado on the assessment
date, it is taxable for the entire assessment year, providing that, if it was newly acquired, it was put into use as of the
assessment date (January 1). If it was not located in the state on the assessment date, or if it was newly acquired, but was not
put into use as of the assessment date, it cannot be taxed until the next assessment year. Except for works of art, personal
property that is exempt on the assessment date retains its exempt status for the entire assessment year. These requirements do
not affect the proration of real property.
WHEN DO YOU FILE? This form must be received by the county assessor by the April 15 deadline EVERY YEAR.
HOW DO YOU FILE FOR AN EXTENSION? You may extend the deadline if, prior to April 15, the assessor receives
your written request AND $20 for a 10-day extension, or $40 for a 20-day extension. This extension applies to all personal
property schedules (single or multiple) which a person is required to file in the county.
WHAT HAPPENS IF YOU FAIL TO FILE? The late filing penalty is $50 or 15% of the taxes due, whichever is less. If
you fail to file a schedule, the assessor shall determine a valuation based upon the BEST INFORMATION AVAILABLE and
shall add a penalty of up to 25% of assessed value for any omitted property discovered and valued later.
NOTE: Failure to properly file a declaration schedule may prevent you from receiving an abatement per Colorado
case law. Property Tax Adm’r v. Production Geophysical, 860 P.2d 514 (Colo. 1993)
WHY IS THE DECLARATION FORM IMPORTANT? Assessors use this information to help calculate the property’s
actual value. This value is based on the property’s use and condition as of January 1 of each assessment year.
WHAT HAPPENS AFTER YOU SUBMIT THIS FORM?
The assessor may request more information or conduct a physical inventory of your personal property at your business
location.
Notices of Valuation are mailed on June 15 to the address listed on this schedule.

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