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 For Taxes In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
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.
This exemption amount is determined annually by the Arizona Department of Revenue per A.R.S. § 42-11127(C). Note: the Statutory Exemption is $248,691 in 2024.
WHICH STATES DO NOT TAX BUSINESS PERSONAL PROPERTY? North Dakota. South Dakota. Ohio. Pennsylvania. New Jersey. New York. New Hampshire. Hawaii.
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.
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.
Where to Report Personal Property on Your Taxes. Claim the itemized deduction on Schedule A – State and local personal property taxes (Line 5c). Taxes you deduct elsewhere on your return — like for a home office or rental — don't qualify for this deduction.
As a homeowner, you'll face property taxes at a state and local level. You can deduct up to $10,000 of property taxes as a married couple filing jointly – or $5,000 if you are single or married filing separately. Depending on your location, the property tax deduction can be very valuable.
More info
All forms are in PDF format and require a PDF viewer (such as Adobe Acrobat Reader) for viewing. You must have your state code (book-map-parcel number) for real property or reference number for personal property.Personal property is reported on the Business Property. Statement (DOR Form 82520) for commercial business property or the Agricultural Business Property. The Notice of Valuation includes the property's Full Cash Value (FCV), Limited Property Value (LPV), and Property Classification of the property. The tax statement is for the full tax year and includes the amount of tax due, property assessment, and other useful information. Our primary mission is to locate, identify and appraise at current market value, locally assessed property in Pinal County for ad valorem tax purposes. The Assessor's Office is excited to offer online filing for Business Personal Property. If you sold or exchanged assets used in a trade or business you may need to use Form 4797. Hire a property tax agent or an attorney to represent them on the appeal.
