Form Dor 82520a-I - Agricultural Business Property Statement - 2012
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4ARIZONA AGRICULTURAL BUSINESS PROPERTY STATEMENT
TAX YEAR 2012 INSTRUCTIONS
GENERAL INFORMATION
All owners of personal property must file an Agricultural Business Property Statement if a form, notice, or demand
has been sent by the Assessor. It must be filed annually by April 1. The term “Business Property” identifies 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
specified 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 filed for each location. If the
form is not addressed to the current business owner, return it to the Assessor’s Office and request a corrected form.
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EXEMPTION AMOUNT: Pursuant to Arizona Revised Statute § 42-11127, for Tax Year 2012 the exemption for
Commercial and Agricultural Business Personal Property is $68,079.
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APPEAL PROCEDURES: Any person who believes the valuation or legal classification of agricultural
business property to be erroneous or excessive may file an appeal with the Assessor. The Personal Property
Petition for Review of Valuation Form (DOR 82530) is available at each County Assessor’s Office.
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PERSONAL PROPERTY MANUAL: The Personal Property Manual and Form DOR 82530 are both
available on the Department of Revenue website at
FORM INSTRUCTIONS
SECTION 1: Do not make changes in the mailing address area. Use section 1 for changes to the owner’s name
or address, or if this is a NEW AGRICULTURAL BUSINESS REPORTING FOR THE FIRST TIME. If you are reporting
a new business or new location, it is necessary to report your business property as of the date your business began
operations. It is also necessary to report your business property as of December 31, which becomes the basis for the
next year’s valuation.
SECTION 2: DO NOT MAKE CORRECTIONS IN THIS SECTION. Make corrections in Section 4 ONLY.
NOTE: Enter your farm / ranch name and taxpayer / account number at the top of the reverse side of the
DOR 82520A.
SECTION 3: DO NOT FILL IN - FOR ASSESSOR’S USE ONLY.
SECTION 4: ADDITIONS AND DELETIONS: SCHEDULE A THROUGH N.
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FOR ADDITIONS: Enter the acquisition cost to the current owner for each classification of equipment acquired
during the prior year which was owned, possessed, or controlled on December 31, 2011. Enter “A” in the A / D
(Additions or Deletions) block for Schedules F and H. Attach a list of assets through December 31 of
the prior year with the property description, acquisition cost and date acquired for: (1) a new business;
(2) newly acquired assets; (3) equipment acquired during the prior year that was used when purchased
(include the former owner’s cost of acquisition, if known); (4) business property that was acquired in
earlier years which was not reported. This list must clearly identify the items on the list as property acquired
in earlier years and not reported on prior statements. By reporting such omissions, no penalty will be imposed.
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FOR DELETIONS: Enter the acquisition cost in the appropriate schedule and the year of acquisition for all
property previously reported but disposed of through December 31. Enter “D” in the A / D block for Schedules
F and H.
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ADDITIONAL DEPRECIATION: To determine the property’s eligibility, it is necessary that it be identified it as:
Qualified:
Agricultural business property initially assessed in Arizona in 1995 OR LATER qualifies for
additional depreciation. This does not include property that escaped taxation which should have
been initially assessed prior to 1995.
DOR 82520A-I (11/2011)
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