This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Personal Property Business Form Forsyth County In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Arizona taxable personal property within the Assessors' office falls into two divisions, Business/Agricultural and Manufactured Housing. Business/Agriculture examples are: industrial equipment, office furniture and fixtures, leased machinery or equipment and farm machinery.
Business personal property (BPP) insurance covers the equipment, furniture, fixtures and inventory that you own, use or rent inside your workspace. Basically, it covers almost everything except the building itself.
The business personal property tax exemption for tax year 2024 is $248,691. The dollar amount of this exemption is increased annually. A.R.S.
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.
Business Personal Property Tax is a tax assessed on tangible personal property businesses own. This type of property includes equipment, furniture, computers, machinery, and inventory, among other items not permanently attached to a building or land.
Property taxes in Arizona are imposed on both real and personal property.
The state of Arizona has relatively low property tax rates, thanks in part to a law that caps the total tax rate on owner-occupied homes. The average effective tax rate in the state is 0.51%, which is well below the 0.99% national average. Not in Arizona?
Personal property is a type of property that includes any movable object or intangible asset of value that can be owned by a person and is distinct from real property. Examples include vehicles, artworks, and patents.
The Maricopa County Treasurer sends out the property tax bills for local jurisdictions, this includes the county, cities school districts, special taxing districts and the state (not just Maricopa County) based on the assessed values and the calculated rates.
