Business Personal Property

How Do I Report Taxable Personal Property?

The Assessor’s Office mails a property statement form to all businesses prior to February 1st of each year.  If you have not received a #82520(A) form, contact the Assessor’s Office.

It is the owner’s responsibility to report Personal Property to the Assessor.

A Personal Property Statement must be filed if a notice or demand was received by the Assessor’s Office. Property Statements must be filed by April 1st of each year. A separate return must be filed for each business location.

On your statement confirm property items in your possession, list all newly acquired and disposed of property during the reporting year.

Failure to complete and return the statement by the deadline may result in a 10% Full Cash Value penalty. Any difference in acquisition cost as found on the taxpayer’s books and records from that report will be considered “escaped” property. Escaped property is subject to taxation, interest, and applicable penalties for a period of up to three years from the date the notice of escaped property was mailed by the Assessor.

For tax year 2024, the exemption amount is $248,691.

Per ARS§§ 42-11127, the Arizona Dept. of Revenue annually adjusts the exemption amount. This amount is based on an average annual percentage increase, if any, in the GDP price deflator, in the two most recent state fiscal years

If you have a Business Personal property inquiry, please email us

Forms