ARIZONA AGRICULTURAL BUSINESS PROPERTY STATEMENT
TAX YEAR 2010 INSTRUCTIONS
All owners of personal property must fi le an Agricultural Business Property Statement if a form, notice, or demand
has been sent by the Assessor. It must be fi led annually by April 1. The term “Business Property” identifi es property
used for commercial, industrial, and agricultural purposes. It includes personal property improvements on possessory
rights (I.P.R.’s), and certain leasehold improvements. Under Arizona law, all such property is subject to property
taxes, except for certain goods and materials considered to be inventory and ultimately held for resale, and certain
specifi ed animals. Business property is valued at its full cash value as of the current year. Any difference in acquisition
cost as found on the books and records from that reported will be considered escaped property. Escaped property
may include under-reported or unreported property. Escaped property is subject to taxation, interest, and applicable
penalties for a period of three years from the date the notice of escaped property was mailed by the Assessor.
If duplicate forms are received, contact the County Assessor. A separate return must be fi led for each location. If the
form is not addressed to you as the current business owner, return it to the Assessor’s Offi ce and request a corrected
• EXEMPTION AMOUNT: Pursuant to Arizona Revised Statute § 42-11127, for tax year 2010 the exemption for
Commercial and Agricultural Business Personal Property is $66,440.
• APPEAL PROCEDURES: Any person who believes the valuation or classification of agricultural business
property to be erroneous or excessive may fi le an appeal with the Assessor. The Personal Property Petition for
Review of Valuation (DOR Form 82530) is available at each County Assessor’s offi ce.
• PERSONAL PROPERTY MANUAL: An on-line copy of the Personal Property Manual is available on the
Department of Revenue website at http://www.azdor.gov.