Business Personal Property
Taxscribe for Colorado Business Owners & CPAs
Modern personal property tax filing for Colorado — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Business Personal Property tax?
In Colorado, Business Personal Property includes machinery, equipment, and other goods used to operate a business that are not part of a building or structure and its fixtures.
Who should file Business Personal Property?
Each year, taxpayers who own taxable personal property must report all personal property owned by, in the possession of, or under the control of the taxpayer on January 1.
- Filing deadline
- April 15
- Late penalty
- The late filing penalty is $50 or 15% of the taxes due, whichever is less.
When you should file:
The Person Property Declaration Schedule form must be received by the county assessor by the April 15 deadline each year.
Extensions:
You may extend the deadline if, by April 15, the assessor receives your written request AND $20 for a 10-day extension, or $40 for a 20-day extension.
Exemptions:
Business are not required to file this declaration if the total actual value of their personal property per county is $56,000 or less.
Important Notes About Business Personal Property:
- 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.
- Any questions should be directed to your local county assessor.
Coverage
How Taxscribe works in Colorado
Taxscribe supports Business Personal Property filing across Colorado. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.