Business Personal Property

NOTE:

THE 2026 520 STATEMENTS (FORM 82520A & 82520) WERE MAILED OUT ON JANUARY 2, 2026. FORMS ARE DUE NO LATER THEN APRIL 1, 2026

Effective January 1, 2026, the State of Arizona has increased the Business Personal Property Exemption to $500,000 of the depreciated value.

(A.R.S. § 42-11127)

This means businesses with taxable personal property under $500,000 depreciated value may now qualify for tax exemption.

Changes to Mohave County Assessor Procedures

The Mohave County Assessor’s Office will no longer mail Form 82520A & Form 82520 Business Property Statements (also known as the 520 statement) to businesses with a personal property depreciated value under $300,000.

Who Still Needs to File a Form 520?

You must continue filing if your business personal property exceeds $500,000 depreciated value whether you receive a 520 statement from the Assessor’s Office or Not.

It is the business’s responsibility to file the required Business Personal Property 520 statement by April 1st of each year, regardless of whether a form is received from the Assessor’s Office.

All businesses are subject to potential audit even if they do not report.

(A.R.S § 42-15053)

A separate statement must be filed for each business location.

The exemption may only be applied once statewide for each legal business entity.

If a business has multiple accounts whose combined depreciated value is below the designated $500,000 threshold, all those accounts qualify for the exemption.

If the combined value exceeds the threshold, the exemption is applied only to the accounts up to the threshold.

Questions or Need Assistance?

Mohave County Assessor’s Office System Support Team
Tiffany Greene or Jim Shaw 

Forms