Business Personal Property

In addition to real property valuations, the Assessor is required by Colorado State Statutes to value all business personal property for taxation purposes. Business personal property includes machinery, equipment and leasehold improvements specific to business purposes. All personal property is taxable in Colorado unless specifically exempt by the Colorado Constitution.

The owner of taxable personal property as of Jan. 1 must file a declaration schedule if the total actual value (market value) of all the personal property is greater than $7,900 per county. All equipment not exempt by law must be listed on the schedule. Exempt assets include software and stand-alone equipment with an initial cost under $350.

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Additional Resources

  • Commercial Personal Property Declaration Schedule
    Personal property includes machinery, equipment, and other articles related to the business of a commercial or industrial operation. Taxpayers owning more than $7,900 in actual value of personal property per business location are required to complete and return the Personal Property Declaration Schedule to the Assessor no later than April 15 of each year. Use this form for non-leased equipment.
  • Commercial Personal Property Lessor Declaration Schedule
    Personal property includes machinery, equipment, and other articles related to the business of a commercial or industrial operation. Taxpayers owning more than $7,900 in actual value of personal property per business location are required to complete and return the Personal Property Declaration Schedule to the Assessor no later than April 15 of each year. Use this form for leased equipment.
  • Commercial Property 
  • Filing a Personal Property Appeal 
    Brochure detailing procedures for filing a personal property appeal.
  • Personal Property Protest Form 
    Owners of business personal property who disagree with their valuation may file a protest during the statutory protest period. A protest form is attached to the Notice of Valuation mailed to personal property owners on June 15. An additional form is provided here for your convenience.
  • Property Valuation and Taxation for Business and Industry in Colorado