Navajo County Assessor
Business Personal Property
What is Business Personal Property?
For property tax purposes in Arizona, business personal property is defined as all
types of property except real estate. 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. Although there
are exceptions, personal property usually can be removed without causing damage
to either the real estate from which it is removed or to the item of property itself.
How is Business Personal Property Valued?
Based on original cost and age of all business personal property in your possession
as of December 31st of the prior year, the State of Arizona has an exemption amount
which started at $50,000 and is increased yearly (If the property qualifies). The
original cost of a personal property item includes the purchase price plus all freight
and installation costs as well as any paid sales taxes for the item.
In Arizona, the personal property reporting system is self-reporting. The Assessors
sends a notice (rendition) requesting a listing of personal property to businesses
within Navajo County, the form is returned by the business. If the listing is questionable
an audit may be used to verify the information. These forms are confidential. The
deadline for the returning these form is stated on the form. If the form is not
returned timely a penalty is assessed.
Examples (but not an entire list):
- Cash Registers
- Equipment used in the business
- Unlicensed Vehicles
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