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Business Personal Property Statement Mailed with Updated Exemption Amount

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The Business Personal Property Statutory Exemption is increasing to $500,000 in Tax Year 2026 for qualifying Class 1 and Class 2 Personal Property types.

If the Business Personal Property (BPP) had a Full Cash Value (FCV) below the $500,000 threshold as of Dec. 31, 2025, and assets have not been acquired that result in a FCV above the statutory exemption, the BPP owner may not need to file an Arizona Business Personal Property Statement (AZDOR 82520 form).

If the FCV for 2025 was over $500,000, or if under $500,000 but assets acquired since caused the value to exceed the exemption amount, BPP owners should e-file their 2026 BPP Statement.

We mailed the BPP Statement (AZDOR 82520 form) to all businesses in Maricopa County on Friday, Jan. 9, 2026.

The deadline to file the BPP Statement is Wednesday, April 1, 2026.

If you have any questions or need assistance, please contact the Maricopa County Assessor’s Office Business Personal Property Unit at 602-506-3386 or [email protected].

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Property Tax Exemption for 100% Service-Connected Disabled Veterans

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Arizona veterans with a 100% service-connected disability rating may be exempt from property taxes on their home if they meet the requirements. This change went into effect on Jan. 1, 2026, after legislation amended the already existing Personal Exemption program.

To be eligible for the full exemption, the individual must be honorably discharged and have a 100% service-connected disability rating shown on their VA Benefits letter. It is not based on the compensation payment level. Additionally, they must meet the residency and income requirements that apply to all Personal Exemption applicants.

Subsequently, the newly implemented legislation also clarifies that payments from veteran pensions and veteran disability pensions should be excluded from the income sources when determining eligibility for the Personal Exemption and eliminates the assessed property value limitation for veterans. (The property value limitation still applies for other Personal Exemption applicant groups.)

This full exemption may be applied only to the qualified veteran’s Primary Residence.

The exemption may be continued by the surviving spouse of a veteran with an honorable discharge and 100% service-connected disability if the property was granted and is currently receiving the exemption under the veteran, and the home remains the surviving spouse’s Primary Residence, and the spouse does not remarry.

Qualified veterans must apply for the Personal Exemption program with the County Assessor and be approved. Applications are due by Feb. 28 or by Sept. 1, with an approved Exemption Deadline Waiver.

For more information on the Personal Exemption program, click here.

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Fiscal Year 2025 Annual Report Now Available

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The Maricopa County Assessor’s Office is proud to announce the release of our Fiscal Year 2025 Annual Report.

This year’s report highlights our continued commitment to transparency, innovation, and service to the residents of Maricopa County. It details key achievements from the past year — including expanded digital access, improved customer experience, streamlined operations, and major legislative accomplishments — all while remaining nearly $500,000 under budget.

The report also celebrates our recognition as a 2025 Arizona Top Workplace, a National Association of Counties Achievement Award recipient, and winner of the Arizona Association of Counties Summit Award for Employment and Training.

Assessor Eddie Cook shared, “Fiscal Year 2025 was a year of collaboration, innovation, and progress for our office. I’m incredibly proud of our team’s dedication to serving the public with fairness, transparency, and integrity.”

The FY2025 Annual Report offers a comprehensive look at how our office works to ensure fair and equitable property valuations, advocate for common-sense policies, and deliver best-in-class service to Maricopa County residents.