⚠ Deadline: Late = 25% penalty on assessed value (CGS §12-42).
Who must file: All owners of taxable personal property in a CT municipality for 3+ months — CGS §12-41. Businesses, professionals, landlords, and farmers.
What to declare: Furniture, fixtures, office equipment (#16); computers & EDP (#20); leasehold improvements; all other business personal property; unregistered motor vehicles; leased/borrowed property.
Assessment: Property assessed at 70% of fair market value. Depreciation applied using cost-less-depreciation method. Your town's mill rate applied to assessed value to compute tax.
Multi-year system: This portal maintains records for prior, current, and future years. Prior-year asset data carries forward automatically. Add, remove, or adjust assets each year to keep records current.
Fiscal-year filers: Enter your fiscal-year begin and end dates. The system will associate your assets with the correct assessment date (October 1).
Rekaby & Associates LLC · 140 Homer Street, Waterbury, CT
kamal@rekaby1040.com · rekaby1040.com · Est. 1994
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