The New Milford Assessor’s Office has announced personal property declarations are due no later than Nov. 1.

Any person or business, which has personal property to declare, must do so.

Failure to file will result in a 25 percent penalty applied to the assessed value of the property.

Personal Property includes, but is not limited to, unregistered motor vehicles, machinery and equipment, furniture and fixtures, mechanic tools, electronic data processing equipment (including software), leased equipment, and farm machinery and tools.

Residents that lease personal property should indicate who is responsible for the tax and the name and complete mailing address of the leasing company.

If a business has closed, the business owner must supply the assessor’s office with a Certificate of Dissolution, cancellation of sales tax number showing the date closed or other such certification required by the state pertaining to type of business started (LLC, LLP, Corp., etc).

Failure to receive a personal property declaration does not absolve a resident of the obligation to file by Nov. 1.

Declarations and applications for exemptions are available online at www.newmilford.org and by clicking on “Departments” and “Tax Assessor” or by contacting the assessor’s office.

All returns are subject to audit per ss12-53.