• Treasurer

    What do you mean by real and personal property?


    Real property is considered as being permanently fixed in nature (land and improvements on the land). Improvements include all structures, buildings, fixtures, fences and water rights.

    Personal property is generally portable or moveable items that used for income production (i.e., business). Examples would be office furniture, business equipment, restaurant equipment and fixtures and any other item used to operate a business.

    All personal property is taxable unless it is specifically exempt by law. Exemptions include, but are not limited to:

    • Inventories for resale
    • Materials and supplies consumed
    • Agricultural equipment used on the farm or ranch to produce agricultural products, livestock products and livestock.

    Except for public utility valuation, intangible personal property (a right rather than a physical object) is also exempt from property taxation in Colorado. Examples of intangible personal property are:

    • Trademarks
    • Patents
    • Copyrights
    • Stocks and bonds

    Last Updated: 3-29-2013