Who Must File a Personal Property Declaration with the Assessor? The actual location of the property must be reported and listed separately for each individual location.To calculate taxable value using the Personal Property Manual, the assessor completes three steps: â–« Select the appropriate expected life table,. According to Nevada Revised Statutes, all property that is not defined or taxed as "real estate" or "real property" is considered to be "personal property.". Taxable personal property includes all property used in conjunction with a business, manufactured homes, aircraft, aircraft hangars, and billboards. According to Nevada Revised Statutes, all property that is not defined or taxed as "real estate" or "real property" is considered to be "personal property. Nevada law specifies what a landlord can and must do with the tenant's personal property. Instead, if you want to give away specific personal property items, you'll need to list them in a will or a trust document. Business Personal Property includes all supplies, equipment and any fixtures used in the operation of a business. A completed declaration provides most of the information needed to determine the taxable value of the business personal property.