What is the definition of "Business Personal Property"? Q: What is the definition of "Business Personal Property"?Examples of business personal property include operating supplies, office furniture, computers, machinery, and hand tools. In essence, Business Personal Property is all property used in the course of doing business that is not exempt. What personal property is exempt? Today's q a session is to help you prepare your business per personal property statement also known as the 571l. Personal Property is all tangible property that is not permanently affixed to the real estate. Levy and Mika Hankins, the Chief Deputy Assessor of Alameda County, had a great chat about personal property taxes for businesses. You will be able to set up your move and receive all the counseling from your home or work computer. Transactions Tax Rate.