There's no need to declare new variables in Python. If we're talking about variables in functions or modules, no declaration is needed. Just assign a value to a name where you need it: mymagic = "Magic". Variables in Python can hold values of any type, and you can't restrict that.
Your question specifically asks about classes, objects and instance variables though. The idiomatic way to create instance variables is in the __init__ method and nowhere else — while you could create new instance variables in other methods, or even in unrelated code, it's just a bad idea. It'll make your code hard to reason about or to maintain.
So for example:
class Thing(object):
def __init__(self, magic):
self.magic = magic
Easy. Now instances of this class have a magic attribute:
thingo = Thing("More magic")
# thingo.magic is now "More magic"
Creating variables in the namespace of the class itself leads to different behaviour altogether. It is functionally different, and you should only do it if you have a specific reason to. For example:
class Thing(object):
magic = "Magic"
def __init__(self):
pass
Now try:
thingo = Thing()
Thing.magic = 1
# thingo.magic is now 1
Or:
class Thing(object):
magic = ["More", "magic"]
def __init__(self):
pass
thing1 = Thing()
thing2 = Thing()
thing1.magic.append("here")
# thing1.magic AND thing2.magic is now ["More", "magic", "here"]
This is because the namespace of the class itself is different to the namespace of the objects created from it. I'll leave it to you to research that a bit more.
The take-home message is that idiomatic Python is to (a) initialise object attributes in your __init__ method, and (b) document the behaviour of your class as needed. You don't need to go to the trouble of full-blown Sphinx-level documentation for everything you ever write, but at least some comments about whatever details you or someone else might need to pick it up.