Gilpin County Office of the Assessor
Anne Schafer, Assessor   
Phone:  303-582-5451    Fax:  303-565-1798  Email: aschafer@co.gilpin.co.us
203 Eureka Street    P.O. Box 338, Central City, CO  80427

Business Personal Property
Business Personal Property is property that has been leased or purchased to help make a business money. In a retail shop it may include display cases, clothing racks and cash registers. In a restaurant it may include the stove/oven, refrigerator, tables and chairs or meat slicer

As a convenience to known business owners the Assessor’s office mails out Personal Property Declarations each January, by law whether a business receives a declaration or not, one must be returned to the Assessor’s office by April 15. In addition to declarations our Personal Property Appraiser contacts businesses to arrange for on site audits.

Please call our office for questions on Business Personal Property.

Depreciation tables used by the Assessor’s office may be found at the state web site. http://www.dola.state.co.us/dpt/forms/dec_schedules_index.htm.

Declaration forms for both General and Lessor may also be found at the following web site. http://www.dola.state.co.us/dpt/forms/dec_schedules_indes.htm

(DS 056 – General Personal Property and DS 060 – Lessor Personal Property only)

Assessment Rate Adjustment Residential Real Property

A history of changes to the residential assessment rate is shown below.

Until 1982, the assessment rate for both residential and non-residential property was 30 percent. However, beginning in the early 1970’s, the market values of residential property increased much faster than values of non-residential property, shifting a greater percentage of the tax burden to residential property owners. Therefore, in 1982, Article X, Section 3(1)(b), of the Colorado Constitution, was enacted to stabilize the tax burden on residential property. The amendment established a floating assessment rate for residential property while fixing the assessment rate for most other classes at 29 percent. The residential assessment rate is adjusted during years of reappraisal to maintain a consistent ratio between the total statewide assessed values of residential and non-residential property.  The Property Tax Administrator is responsible for performing the residential assessment rate study. 39-1-104.2(4), C.R.S.