The Business Personal Property Section establishes values for the assets owned by businesses located in the City and County of Denver. By April 15 of every year, businesses with a total actual value greater than $7,300 are required to submit a declaration listing all owned assets as of January 1, along with information regarding their original date and cost of acquisition. Even if assets were disposed of after January 1, they must be declared. Current Colorado law does not provide for prorated assessments. Personal Property staff take the information provided and calculate a value for each business. A Notice of Valuation is mailed to the taxpayer by July 15. If the taxpayer disagrees with the value, s/he has the opportunity to protest the assessment. Protest instructions are included with the Notice of Valuation.