Connecticut Declaration Of Personal Property Form

.I N S T R U C T I O N S

Not all sections are applicable to every business. Please read the following instructions and complete all relevant sections.

Who Should File --

4. When omitted property is discovered, the 25% penalty is

applied to the difference in the assessed value as determined

All owners of taxable personal property.

by the results of the discovery, and the assessment as

determined by the originally filed declaration.

Declaration –

Exemptions-

1. Owners of:

a. Non-Connecticut registered motor vehicles

1. On page 7 check the box adjacent to the exemption you are

b. Horses, ponies and thoroughbreds

claiming.

c. Mobile manufactured home -not assessed as real estate

2. Note that several exemptions require an additional application

2. Businesses, occupations, farmers, and professionals

in order to receive that exemption. Please request the form

need to complete: (Commercial and cost information is not

number noted from the Assessor’s Office. (The M-65 [new

open to public inspection )

•

manufacturing machinery and equipment exemption

Lessee’s Listing Report (page 4).

•

application] has been inserted in the middle with some

Disposal, Sale or Transfer of Property Report (page 5)

declarations.)

•

Business Data (page 3).

3. The extension to file the Personal Property Declaration, if

•

Taxable Property Information (pages 5-7).

granted, does not apply to all required exemption applications.

•

Sign the Declaration of Personal Property Affidavit

Check with the Assessor.

on page 8.

3. Lessors need to complete: (Commercial and cost information

Signature Required –

is not open to public inspection )

•

Lessor’s Listing Report (pages 4)

1. The owners shall sign the declaration (page 8).

•

Business Data (page 3).

2. The owner’s agent may sign the declaration. In which case the

•

Taxable Property Information (pages 5-7).

declaration must be duly sworn to or notarized.

•

Sign the Declaration of Personal Property Affidavit

3. Corporate officers signing for their corporations must have the

on page 8.

returns properly sworn to or notarized; or provide the Assessor

with a statement bearing the corporate seal and signed by the

Filing Requirements –

corporate secretary setting out the office held by the signer of

the declaration and dates office held.

1. The Personal Property Declaration must be filed annually on

or before November 1 (CGS §12-41).

Extension –

2. A Personal Property Declaration not filed will result in a value

determined by the Assessor.

The Assessor may grant a filing extension for good cause

3. Declarations filed with “same as last year” are INSUFFICIENT

(CGS §12-42). If a request for an extension is needed, you

and shall be considered an incomplete declaration.

need to contact the Assessor in writing by November 1.

Penalty Of 25% is Applied –

Audit –

1. When no declaration is filed or a declaration is not signed, a

The Assessor is authorized to audit declarations, within 3

25% penalty is applied to the assessment. [See 2. under

years of the date of the required filing. Substantial penalties

Filing Requirements.]

are applicable if such an audit reveals property not declared

2. When declarations are submitted after November 1 and an

as required by law (CGS §12-53).

extension has NOT been granted (see Extensions below) a

25% penalty is applied to the assessment. Returns mailed in

Before Filing

must have a postmark of November 1 or before.

Make Copies of Completed Declaration for Your

3. When an extension is granted (see Extensions below) and the

Records

declaration is not filed by the extension deadline, a 25%

penalty is applied to the assessment.

Example of how to complete the tables on pages 5 and 6

#16 - Furniture, fixtures and equipment

Assessor’s

Year

Original cost, trans-

Use Only

How should the following be declared?

Ending

Good

Depreciated Value

portation & installation

10-1-04

95%

June 2002, you bought a desk for $300 and a chair

10-1-03

400

90%

360

for $80. In October 2002 you buy a display rack for

10-1-02

380

80%

304

$400. You have a filing cabinet you bought 10 years

10-1-01

70%

ago for $100 that is being used in your business. A

10-1-00

60%

friend gave you a used bookcase, in February 2004,

10-1-99

50%

which you believe, is worth $50.

10-1-98

40%

Prior Yrs

100

30%

See the table to the right for the answer.

Total

930

Total

742

#16

Page 2

Connecticut Declaration Of Personal Property Form - 2004 Page 2

Related Articles

Related forms

Related Categories