Income and Expense

Click here to view and print the 2018 Annual Income and Expense Report Summary

Annual Income and Expense Report

FILING INSTRUCTIONS –  In order to assess your real property fairly, yearly information regarding property income and expenses is required. Connecticut General Statutes 12-63c requires all owners of rental property to file this report annually. The information you file and furnish with this report will remain confidential in accordance with 12-63c(b), which provides that actual rental and operating expenses shall not be a public record and is not subject to the provisions of 1-210 (Freedom of Information Act).

Please complete and return completed form to the Plainville Assessor’s Office on or before June 1. In accordance with 12-63c(d), any owner of real property used primarily for the purposes of producing rental income 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 property’s assessed value. NO PENALTY WAIVERS CAN BE GRANTED BY THE ASSESSOR OR THE BOARD OF ASSESSMENT APPEALS for those not in compliance with these requirements.

GENERAL INSTRUCTIONS – Complete this form for all rented or leased commercial, retail, industrial or combination property. Provide annual information for the Calendar Year 2018.

WHO SHOULD FILE –This form must be completed for all property rented or leased, including commercial, retail, industrial and residential properties, except “such property used for residential purposes, containing four dwelling units and in which the owner resides”. If a property is partially rented and partially owner-occupied this report must be filed.

If your property is 100% owner-occupied or leased in its entirety to a family member or members, or to a corporation, business or other entity operated by the owner or owner’s family members, please indicate by checking the appropriate box and provide the requested information. 

If you believe that you are not required to file this form, please call the Assessor’s Office at (860)793-0221, ext 244 to discuss your special situation.

HOW TO FILE – Each summary page should reflect information for a single property for the year 2018.  If you own more than one property, a separate 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 filed for all other rental properties.  A computer printout is acceptable for Schedules A and B, as long as all the required information is provided.

Per State Statute, all property owners must sign and return this form to the Assessor’s Office on or before June 1, to avoid a ten percent (10%) assessment penalty.  Post Mark is NOT accepted.  The forms must be IN the Assessor's office by the close of the June 1 business day or the last business day prior to June 1, if June 1 falls on the weekend.