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In Arizona, business personal property is generally defined as all types of property except real estate property. Taxable personal property includes property used for commercial, industrial, and agricultural purposes. Personal property is considered to be movable and not permanently attached to real estate.
Businesses in Arizona are required to file an Arizona Business Personal Property Statement or an Agricultural Personal Property Statement with the County Assessor on an annual basis (AZDOR forms 82520 and 82520A respectively). If you started a new business, please email the Pinal County Assessor's Personal Property Division or call 520-866-6361.
Please follow the instructions on the form. If you have an asset list you can attach a copy to the statement and return it to the Assessor's Office. Or, if an asset list is not available, make a list of all the business equipment including a description of the equipment, year it was purchased and the original acquisition cost (including any freight, installation, special support, special wiring, special plumbing and sales tax paid).
No, Business Personal Property Statements are used by the Assessor to prepare Notices of Value. Business Personal Property Statements are mailed by February 1st. Businesses are required to complete the form and return to the Assessor by April 1st. Notices of Value are mailed by the Assessor in July.
Pursuant to ARS§42-19051, you may file a Petition for Review (DOR form 82530) with the Assessor's Office within 30 days from the mail date of the notice of value. The Assessor's Office then has 20 days to respond to your petition. If you disagree with the Assessor’s decision, you may file an appeal with the Pinal County Board of Equalization within 20 days of the mailing date of the Assessor's Decision.
ARS§42-11127 provides for an exemption from taxation up to a maximum amount of full cash value for some classifications of personal property. The 2013 business personal property exemption is $133,868. The exemption applies only once to each legal business entity in Arizona, regardless of the number of locations they operate.