Businesses in Colorado with a total actual value of $5,500 in personal property assets or more, are required to complete a Personal Property Declaration Schedule. Information that must be listed includes all assets owned as of January 1 along with information regarding the original date and cost of acquisition for those assets. It is the responsibility of the Personal Property Auditor to take the information provided by the property owner and calculate a value for each personal property account. A notice of Valuation is mailed by June 15 to notify the property owner of the value. If the property owner disagrees with the value on the Personal Property Notice of Valuation, he/she then has the option to protest that value to the Assessor’s Office. Further protest procedures are included with the Notice, and are listed below.