PERSONAL PROPERTY DECLARATION FILING REMINDER
(Media Release)
NAME AND ADDRESS OF CONTACT:
Sherri Boyce – Hinsdale County Assessor
PO Box 28
Lake City, CO 81235
TELEPHONE NUMBER: 970-944-2225 ext. 140
The Hinsdale County Assessor reminds all persons owning, possessing, or controlling taxable personal property (furnishings, equipment and other movable personal property) that the deadline for filing a Personal Property Declaration Schedule is April 15. All persons who own, possess, or control taxable personal property with a total actual value greater than $56,000 per owner, per county, are required to report the personal property to the county assessor. Failure to declare your personal property each year by the deadline will result in the assessor valuing your property using the "best information available" and attaching a penalty to your tax bill. If you did not receive a declaration schedule, please contact the county assessor at 970-944-2225 ext. 140 (telephone number).
All personal property with a total actual value in excess of $56,000 (per owner, per county) is taxable unless specifically exempt by law.
Taxable personal property includes:
All residential household furnishings used to produce income
Equipment, furniture, and machinery used by commercial, industrial, and natural resource operations
Property used in an agribusiness that does not qualify as agricultural pursuant to § 39-1-102(1.6)(a), C.R.S.
Expensed assets with a life greater than one year
Fully depreciated assets still in use
Personal property in storage that is subject to IRS depreciation
Leasehold improvements
Equipment that is licensed as a motor vehicle (SMM plate or Z-Tab) is not reported on the Personal Property Declaration Schedule.
If you have questions about the Personal Property Declaration Schedule, please contact the assessor’s office at 970-944-2225 ext. 140.
Published March 13, 2025 in The Pagosa Springs SUN. (259510)
