Income and Expense

Annual Income and Expense Report

FILING INSTRUCTIONS: In order to assess your real property equitably, information regarding the property income and expenses is required. Connecticut General Statute 12-63c requires all owners of rental real property to annually file this report. The information filed and furnished with this report will remain confidential and is not open to public inspection. Any information related to the actual rental and operating expenses shall not be a public record and is not subject to the provisions of Section 1-19 (Freedom of Information) of the Connecticut General Statutes.

REPORTING DEADLINE: Please complete and return the completed form to the Assessor’s Office on or before June 1, 2024. In accordance with Section 12-63c (d), of the Connecticut General Statutes, as amended, any owner of real property who fails to file this form or files an incomplete or false form with intent to defraud, shall be subject to a penalty assessment equal to a Ten Percent (10%) increase in the assessed value of such property. Due to June 1^st, 2024 falling on a Saturday, the Assessment & Revenue Collections Office will be open from 8:00am to 12:00pm on Friday May 31^st, 2024. To be considered on time, Income and Expense forms must be submitted to the office during business hours or postmarked by the United States Postal Service no later than June 1^st, 2024. Please note any forms placed in the drop box located at the bottom of the stairs in the rear of the municipal center after 12:00pm on May 31^st, 2024 will be considered late and a ten percent (10%) assessment penalty will be applied to the account.

GENERAL INSTRUCTIONS: Complete this form for all rented or leased commercial, retail, industrial or combination property. Identify the property and address. Provide Annual information for the Calendar Year 2023. You must also provide a rent roll.

WHO SHOULD FILE: This form must be completed for all property rented or leased commercial, retail, industrial or combination property.

OWNER-OCCUPIED PROPERTIES: If your property is 100% owner-occupied, please report only the income and expense items associated with occupancy of the building and land. Income and expenses relating to your business should not be included. If no consideration is transacted between the business entity and the real estate entity, please check the owner-occupied box on the lower right corner of the first page, enter the name of the business occupying the property on the rent schedule (noting there is no lease or money being exchanged), fill out the property expenses portion, sign and return the report.

HOW TO FILE: Each summary page should reflect information for a single property for the year of 2023. If you own more than one property, a SEPERATE report/form must be filed for each property in this jurisdiction. An income and expense report summary page and the appropriate income schedule must be completed for each rental property. Income Schedule A must be filed for apartment rental property and Schedule B must be filed for all other rental properties. A computer printout is acceptable for Schedules A and B, providing all the required information is included.

This year we are also offering the option of submitting an income and expense report online through the Income and Expense E-Portal! To submit your report through the E-Portal, you will need to create an account using the access code provided on the letter mailed to you in April. Please note each parcel has its own specific access code. After filing your income and expense report electronically through the portal, if you have any additional documentation you would like to provide, please email the attachments to Assessorfilings@plainville-ct.gov.

If you would like to file electronically, please click on the link below.

Income & Expense E-Portal

RETURN FORM TO: Assessment & Revenue Collections Office, Town of Plainville, 1 Central Square, Plainville CT 06062