Arizona taxable personal property within the Assessors' office falls into two divisions, Business/Agricultural and Manufactured Housing. Business/Agriculture examples are: industrial equipment, office furniture and fixtures, leased machinery or equipment and farm machinery.

In general, business personal property is all property owned, possessed, controlled, or leased by a business except real property and inventory items. Business personal property includes, but is not limited to: Machinery. Computers. Equipment (e.g. FAX machines, photocopiers)

This type of business insurance, also known as commercial property insurance or business personal property insurance (BPP), helps protect the owned or rented equipment, building and personal property at your company. This coverage can help cover the costs to repair or replace: Personal property located at your business.

Where to Report Personal Property on Your Taxes. Claim the itemized deduction on Schedule A – State and local personal property taxes (Line 5c). Taxes you deduct elsewhere on your return — like for a home office or rental — don't qualify for this deduction.

Business personal property (BPP) insurance covers the equipment, furniture, fixtures and inventory that you own, use or rent inside your workspace. Basically, it covers almost everything except the building itself.

Under A.R.S. 42-13301 the LPV is the limited property value of the property in the preceding valuation year plus five percent of that value.

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Business Personal Property Public Assistance. The average cost of commercial general liability insurance for a small business in Maricopa, Arizona is between 400 and 1,200 dollars annually.Request a free quote from Maricopa, Arizona's insurance specialists – The Allen Thomas Group. Peace of mind guaranteed. We are here to provide the answers you need. Explore our comprehensive FAQ to better understand how our insurance coverage can protect your business. Call (520) 568-5588 for business, car, life insurance and more. Get a free quote from State Farm Agent Courtny Tyler in Maricopa, AZ. A CGL policy will cover accidents like customer slips and falls, defective products, and damages you or your employees cause to another's property. A general liability policy protects Phoenix businesses from lawsuits related to customer accidents, defamation, and copyright infringement.

Personal Property Insurance For Business In Maricopa

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