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:

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

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:

  • Copyrights
  • Patents
  • Stocks and bonds
  • Trademarks

Show All Answers

1. How are the taxes determined on my property?
2. When are current year taxes due?
3. Do you accept postmarks?
4. What are my payment options?
5. What if I do not get a bill?
6. Why didn't I get a tax bill?
7. What if my mailing address changes?
8. What is the fee if my current year tax payment is late?
9. I just bought this property. Why am I being billed for last year's taxes?
10. When I buy property, how do I know the tax status?
11. After buying a new property, will I receive the next tax statement?
12. What if a mortgage company pays my taxes?
13. What if you receive payments from several parties?
14. What if I am unable to pay my property taxes?
15. What do you mean by real and personal property?