[Adopted 7-26-2005 by Ord. No. 72]
The purpose of this article is to facilitate the uniform valuation of personal property, embodied in the depreciation schedules outlined below, pursuant to Connecticut General Statutes Section 12-63, and any modifications or amendments thereto enacted by the state legislature, on the conditions set forth herein.
A. 
Group I: Computer and peripheral hardware, including but not limited to, personal computers, workstations, terminals, storage devices, printers, scanners, computer peripherals and networking equipment.
Assessment Year Following Acquisition
Depreciated Value as % of Acquisition Cost Basis
First
70%
Second
40%
Third
20%
Fourth
10%
B. 
Group II: Other hardware, including but not limited to, miniframe and mainframe systems with an acquisition cost of more than $25,000:
Assessment Year Following Acquisition
Depreciated Value as % of Acquisition Cost Basis
First
90%
Second
60%
Third
40%
Fourth
20%
Fifth and thereafter
10%
The Assessor may still adjust values produced by application of the appropriate schedules if the resulting values do not accurately reflect the present true and actual value of the property.
This article shall not prevent a taxpayer from appealing an assessment, pursuant to Connecticut Statute, if such assessment does not accurately reflect the true and actual value of any item of such taxpayer's personal property.