What is Personal Property?

Personal Property can be defined, in the most general terms, as anything and everything that is owned (excluding land and anything permanently affixed to the land or any interest in land). There are three Connecticut General Statues that help to define Personal Property:

  1. Section §12-71 (a) defines personal property as "All goods, chattels, and effects or any interest therein, including any interest in a leasehold improvement classified as other than real property,…"
  2. Section §12-41 (c) "… shall include, but is not limited to, the following property: Machinery used in mills and factories, cables, wires, poles, underground mains, conduits, pipes and other fixtures of water, gas, electric and heating companies, leasehold improvements classified as other than real property and furniture and fixtures of stores, offices, hotels, restaurants, taverns, halls, factories, and manufacturers…"
  3. Section §12-71 (f) (1) "Property subject to taxation under this chapter shall include each registered and unregistered motor vehicle and snowmobile that, in the normal course of operation, most frequently leaves from and returns to or remains in a town in this state, and any other motor vehicle or snowmobile located in a town in this state, which motor vehicle or snowmobile is not used or is not capable of being used." Notwithstanding (f) (3) "Any motor vehicle owned by a nonresident of this state shall be set in the list of the town where such vehicle in the normal course of operation most frequently leaves from and returns to or in which it remains."

Show All Answers

1. Who is required to file a Personal Property Declaration?
2. What must be declared to the Assessor’s Office?
3. What is Personal Property?
4. What are goods, chattels and effects?
5. What are examples of “Personal Property” that I must declare?
6. I just do some work part-time. Do you really think I am a business?
7. How do I complete the Personal Property Declaration?
8. Do I have to file a Personal Property Declaration every year?
9. When do I have to file the Personal Property Declaration?
10. What happens if I file late?
11. Can I get an extension?
12. What if I don’t file the Personal Property Declaration?
13. Does my signature need to be notarized?
14. How is the Personal Property Assessment calculated?
15. How is the original cost determined?
16. What if I don’t remember what I paid for these things?
17. What if I don’t know what these things cost because they were gifts?
18. Can anyone see my Personal Property Declaration?
19. How do I appeal my Personal Property Assessment?
20. What if I sold, closed or moved my business out of Wolcott?