FAQs • Archuleta County, CO • CivicEngage

What happens if I fail to file?: The late filing penalty is $50 or 15% of the taxes due, whichever is less. If you fail to file a Declaration Schedule, the Assessor may determine a valuation based on the Best Information Available (BIA) and may add a penalty of 25% of the assessed value for omitted property. If it is the first time you have received a Declaration Schedule from our office and we do not receive it back, we will try to make an appointment with you to do an onsite review of your property prior to assigning it a BIA value. However, we have a small window (60 calendar days) in which look at all the returned schedules, assign values and get the Notice of Value (NOV) out to the taxpayers. Once a BIA value has been assigned, if you do not protest when you receive your NOV, our hands are tied as to being able to correct any errors.

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Assessor - Personal Property

1. What do I need to file?: Personal Property is valued every year. The Assessor mails the Declaration Schedules as soon after January 1st as possible. If the owner of personal property does not receive a Declaration Schedule in the mail, one may be obtained from our office or from the Colorado Division of Local Affairs. The Declaration Schedule must be returned to our office or postmarked no later than April 15th. Failure to receive a Declaration Schedule does not relieve the taxpayer from the responsibility of filing one. Colorado Division of Local Affairs

2. What information needs to be included on the Declaration Schedule?: A complete itemized list of any equipment, machinery, furniture, security devices, household furnishings and signs which are used for the production of income or in the operation the business, the year it was acquired and the original cost including installation and freight. You may also attach a current Federal Depreciation Schedule, a list of expensed assets with a life greater than one year, fully depreciated assets, stored assets, leased equipment and unlicensed mobile machinery. You may have this information already on your business software and can print it out and attach it to the declaration schedule.

3. Can I file for an extension?: Yes, we will give you an extension on the filing date of April 15th if we receive your request in writing before that date, along with a check for $20 for a 10 day extension and $40 for a 20 day extension.

4. What happens if I fail to file?: The late filing penalty is $50 or 15% of the taxes due, whichever is less. If you fail to file a Declaration Schedule, the Assessor may determine a valuation based on the Best Information Available (BIA) and may add a penalty of 25% of the assessed value for omitted property. If it is the first time you have received a Declaration Schedule from our office and we do not receive it back, we will try to make an appointment with you to do an onsite review of your property prior to assigning it a BIA value. However, we have a small window (60 calendar days) in which look at all the returned schedules, assign values and get the Notice of Value (NOV) out to the taxpayers. Once a BIA value has been assigned, if you do not protest when you receive your NOV, our hands are tied as to being able to correct any errors.