In general, personal property is anything that is move able and is not a permanent part of real estate, including items such as business-owned furniture, fixtures, machinery or equipment.
A taxpayer with personal property subject to taxation must file a Personal Property Declaration with the Plainville Assessor by November 1, annually. Upon request, the Assessor may grant a taxpayer an extension of up to 45 days to file a declaration. Nonresident taxpayers must file a declaration.
Lessees of personal property must also file a report with the Plainville Assessor by November 1, annually. This requirement affects any personal property (other than a Connecticut registered motor vehicle) that is subject to a contract of lease and is in a lessee’s possession.
If a Personal Property Declaration is filed after November 1, the Assessor adds a 25% assessment penalty to the taxpayer’s assessment. A 25% assessment penalty is also applicable if a taxpayer fails to file a declaration, in which case the Assessor uses the best information available to determine the value of the taxpayer’s personal property.
2017 Personal Property Forms