Form Ds 155a-61-14 - Residential Personal Property Declaration Schedule - 2015 Page 3
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5INSTRUCTIONS FOR COMPLETING THE RESIDENTIAL PERSONAL PROPERTY
DECLARATION SCHEDULE DS 155
YOU MUST COMPLETE THIS FORM IF YOU OWN TAXABLE RENTAL RESIDENTIAL PERSONAL PROPERTY:
Apartments Duplexes Triplexes Condominiums Mobile Homes Rooming Houses and Other Dwellings. Declare income-producing
residential personal property, such as: Furniture and Other Furnishings Used In Your Rental Equipment Machinery Household Goods.
Do not declare hotel or motel personal property on this form; use Declaration Schedule DS 056 for that purpose.
A.
NAME AND MAILING ADDRESS: Write any corrections to the preprinted name/address information. If you are not the current owner, please
list the name and address of the new owner in the appropriate box. Also, list the date that the property was sold to the new owner.
PERSONAL PROPERTY LOCATION: If not pre-printed, enter the location by legal description of personal property owned by you (including
property under your control or in your possession as of January 1) within this county. Please indicate any property location changes or additional
locations on the form. Provide the rented area of the rental in square feet.
B. RENTAL STATUS: Check the appropriate box. If the residence will NOT be rented at any time during the current year, check the second
box in Section B. The assessor may select your rental property for an audit whether or not you file a declaration schedule.
C. UNIT DESCRIPTION: Describe your unit by marking the appropriate box for: Furnished Unfurnished Studio, One, Two,
or Three Bedrooms Mobile Home Other.
D. LISTING OF PERSONAL PROPERTY: PERSONAL PROPERTY IS DEFINED AS all residential household furniture and other
furnishings used in a rental and Equipment Machinery Art used by a commercial business.
“‘Personal property’ means everything that is the subject of ownership and that is not included within the term ‘real property’. ‘Personal property’
includes machinery, equipment, and other articles related to a commercial or industrial operation that are either affixed or not affixed to the real
property for proper utilization of such articles. . . .” § 39-1-102(11), C.R.S. Regardless of whether property is affixed to a building, it is personal
property if it is used for the purpose of a commercial or industrial operation and not for the enhancement of the real property.
NOTE: List ALL Personal Property including EXPENSED ASSETS WITH A LIFE OF GREATER THAN ONE YEAR, ASSETS THAT
ARE SUBJECT TO IRS DEPRECIATION, AND FULLY DEPRECIATED ASSETS STILL IN USE. Please make sure that you declare all
newly acquired, refurbished, and/or replaced furniture and appliances. You should also submit any relevant market value, rent, or lease
information.
“CONSUMABLE” PERSONAL PROPERTY EXEMPT FROM TAXATION:
Pursuant to § 39-3-119, C.R.S., personal property classified as “consumable” as defined in ARL Volume 5, Chapter 7, is exempt from taxation and
should NOT be listed on this declaration. “Consumable” personal property is defined as any asset having a life of one (1) year or less regardless of
cost, and any asset with a life longer than one year that has a reasonable original installed cost or market value in use of $350 or less at the time of
acquisition. The $350 limitation applies to personal property that is completely assembled and ready to perform the end user’s intended purpose(s)
and it includes all acquisition costs, installation costs, sales/use taxes and freight expenses.
IMPORTANT: YOU MUST SUBMIT A COMPLETE PROPERTY LISTING IF YOU HAVE NEVER FILED FOR THIS UNIT. Do not
list merchandise inventory, materials, or supplies. Do list all other income producing personal property acquired by you during the prior year. If
you have given the assessor such a list, you may simply submit additions and deletions each year.
List all income producing personal property acquired by you during the prior year, providing: Item ID Number Furnishings Description
1.
Number of Furnishings Year Acquired If the Item is New or Used Original Installed Cost to You (Current Owner)
The Month and Year Each Item was First Placed into Service or is Scheduled to be Placed into Service. The Original Installed Cost to
You is defined as the amount that was paid for the personal property when new inclusive of Sales/Use Tax Freight and Installation
Charges. If the item was purchased used, include its Cost to You along with Sales/Use Tax, Freight, and Installation Charges.
List all income producing personal property sold, traded, or scrapped during the prior year. For all items deleted, provide: Item ID Number
2.
Furnishings Description Number of Furnishings Year Acquired If the Item is New or Used Original Installed Cost to You
(Current Owner).
E. FULLY DEPRECIATED ASSETS / EXPENSED PERSONAL PROPERTY: List all personal property assets that have been fully depreciated
or expensed, but are still used. Attach a separate list if necessary.
F. LEASED, LOANED OR RENTED PROPERTY: All personal property leased, loaned, or rented to you must be listed in this section. Property
rented 30 days or less, returned at the renter's option, and for which sales/use tax is collected before it is finally sold is considered exempt and
should NOT be reported. You must identify each item of leased personal property as follows: Owner's/ Lessor's Name, Address, and Telephone
Number Property Description Including Model and Serial Number Cost of the Lease Lease Number Lease Term (From-To) Total
Amount of Annual Rent. If any of the leased equipment listed is capitalized on your books and records, please check the box at the beginning of
the line corresponding with the name of the Lessor. Also, if purchase or maintenance options are included in the lease, check this box and provide
details of these options on a separate sheet.
G. RENEWABLE ENERGY PERSONAL PROPERTY: Check the appropriate boxes regarding renewable energy property at this location. If the
RENEWABLE PROPERTY IS OWNED BY YOU, RENEWABLE PROPERTY FORM DS 058 is required to be filed with the assessor.
H.
DECLARATION AND SIGNATURE: Print the personal property owner’s Federal Employer Identification Number (FEIN) or Social
Security
Number (SSN). Print
name of owner, name of person signing, phone number, and e-mail address. Then sign,
date, and return this form to
assessor by April 15th.
§ 39-5-107, C.R.S.
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