Town of Farmington, CT
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Business/Personal Property
Business/personal property tax bills are generated from the Grand List prepared by the Assessor every October 1st. The bills are mailed the following June.
- Bills under $100 are due IN FULL July 1st, payable by the first business day of August.
- Bills over $100 are due in two installments. The first installment is due July 1st, payable by the first business day of August and the second installment is due January 1st, payable by the first business day of February. No mailing is sent for the second installment.
To avoid a penalty:
- Payment for the first installment must be postmarked, hand delivered or paid online by the first business day of August. Payments made after the first business day of August will incur interest at the rate of 1.5% per month calculated back to the July 1st due date (August interest charge is 3%; 1.5% for July, 1.5% for August).
- Payment for the second installment must be postmarked, hand delivered or paid online by the first business day of February. Payments made after the first business day in February will incur interest at the rate of 1.5% per month calculated back to the January 1st due date (February interest charge is 3%; 1.5% for January, 1.5% for February).
Taxable personal property includes all other property not classified as real estate, such as, but not limited to, machinery, mechanical tools, equipment, furniture, fixtures, non-registered motor vehicles, leased equipment, horses and farm tools. All questions regarding the assessment should be directed to the Assessor’s office at (860) 675-2370.
PLEASE CONTACT OUR OFFICE BEFORE YOU:
- Close or sell your business
CLICK HERE TO VIEW AND/OR PAY BUSINESS/PERSONAL PROPERTY TAXES ONLINE
FAQs
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What do I do if I plan on selling or closing my business?
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Do I have to file a personal property declaration each year?