What is the small estate limit for personal property in Arizona?
$200,000, less liens and encumbrances, under A.R.S. § 14-3971. Thirty days after the death, the person entitled to the property can collect it with an affidavit instead of opening probate, provided the personal property in the estate is at or below that figure. A written appraisal settles whether vehicles, collections, and equipment keep the estate under the line, and it documents the values the affidavit asserts.
Which Arizona businesses still owe personal property tax after 2026?
Those whose business or agricultural personal property exceeds $500,000 of full cash value. A.R.S. § 42-11127 exempts the first $500,000 for each taxpayer beginning January 1, 2026, up from an indexed $269,905 for tax year 2025, and the Department of Revenue raises the figure each year for inflation. Owners above it still report every asset on the Business Property Statement, and an independent appraisal helps when the cost-based value overstates what the equipment is worth.
Does Arizona license personal property appraisers?
No. The Arizona Department of Insurance and Financial Institutions licenses real estate appraisers, appraisal management companies, and property tax agents; there is no state license for appraising art, jewelry, equipment, or vehicles. Courts and the IRS instead look at the appraiser's qualifications and method, which is why our reports follow USPAP and our appraisers hold credentials with organizations such as ASA, ISA, and AAA.