Arizona Department of Revenue. Personal property is reported on the Business Property.Statement (DOR Form 82520) for commercial business property or the Agricultural Business Property. Taxable personal property includes property used for commercial, industrial, agricultural purposes and manufactured housing. Today's q a session is to help you prepare your business per personal property statement also known as the 571l. For detailed instructions on completing this calculation click here. It is also in the Personal Property. Manual. For property tax purposes in Arizona, business personal property is defined as all types of property except real estate. Personal property includes but is not limited to property used for commercial, industrial, or agricultural purposes. Taxable personal property includes all assets used in the operation of a business, farm, ranch or residential rental activity.