Personal Property Information for Businesses

Personal Property Declarations

Personal Property Declarations need to be filed in the Assessor’s Office each year by November 1st.  They will be mailed by the Assessor’s Office no later than the end of September.

All business owners of taxable personal property are required to file declarations of such property with the Assessor of the town where the property is located on the Assessment Date of October 1st, or with the Assessor of the town where the property has established situs in accordance with the ‘three month rule.’  This requirement applies to residents (§12-41) or nonresidents (§12-43) of the municipality where the property is located.

Property owners must file a Personal Property Declaration regarding their taxable personal property with the local Assessor on or before November 1st, in accordance with §12-41.  A declaration’s postmark date, as defined in §1-2a, determines the timeliness of its filing.  Section §12-42 also provides that when the first day of November is a Saturday or Sunday, the declaration may be filed or postmarked on the next business day.

Pursuant to §12-41(c), declarations shall include but are not limited to the following types of property: disposals, all leased equipment, leasehold improvements, commercial furniture, fixtures, machinery and supplies owned by any manufacturer, wholesales, and/or retailer.  This subsection specifies that personal property located in factories, stores, offices, hotels, restaurants, recreational halls, taverns, utility companies, all businesses, and etc. must be included on the declaration as filed by the owner.

Please read Subsection (b) of §12-41 which provides that registered vehicles, may be included if they are subject to taxation by a town other than the town in which they are registered.  Motor vehicles registered in another state and unregistered motor vehicles must be reported if they are garaged in a city or town in this state, pursuant to §12-71b(g).

Business and other owners of tangible personal property, pursuant to CGS 12–40 and 12–43 are required to file a Personal Property Declaration with the Assessor between Oct. 1, 2015 and Nov. 1, 2015. Companies that fail to declare by Nov. 1, 2015 are subject to an estimated assessment and a 25 percent penalty. This does not include registered automobiles, airplanes and boats.

To avoid receiving a penalty for improper filing, ALL PAGES of the form must be filled out completely including but not limited to Leased Equipment and Disposed Assets.  If you have any questions, please telephone the Assessor’s Office at (203) 468-3233 between 8:30 A.M. and 4:30 P.M. and they will be glad to help you with the form.  We will even have someone inspect the business for a listing of assets.