Personal Property used in commercial enterprises, such as machinery, equipment, furniture, fixtures, computers, cables, conduits, pipes, tools, leasehold improvements, supplies, video tapes, horses, etc., is subject to assessment in Connecticut and must be declared annually with costs and acquisition dates. Business inventory is not taxable. Declaration Forms are available from the Assessor for businesses to summarize their property by type and year acquired. The Assessor applies depreciation factors to estimate current values.
Personal Property Declaration Forms
Declarations mailed to businesses during September are due to Assessor by November 1st every year. We do not accept emailed as we cannot guarantee the security, we do offer online filling which is outlined below. If a business owner needs to request a 6-week extension for filing the form, the written request for an extension must be received by the Assessor's Office by November 1st. Connecticut law levies a twenty-five percent penalty assessment for failure to file a declaration, omitting property, or filing a declaration late after November 1st without having been approved by the Assessor for a filing extension. Assessment notices are mailed at the end of January.
Here is a list of all forms and documents related to personal property assessment filing:
On Line Filing
Online filing of Personal Property Declarations will again be available for the 2023 filing. To file online follow the below link, which will be available in late September 2023 and create an account using your access code from page 3 of the declaration you were mailed. The Assessor's Office will not be able to give out access codes over the phone. Once you have created your account you will be able to review last year's information and complete the current changes for the current year and file from your computer.
It is recommended that business owners first speak with the Assessor's Office before filing a formal appeal, to correct any errors or misinformation. If an owner believes that the personal property of a business has been incorrectly valued by the Assessor, the value may be appealed to the Board of Assessment Appeals.