Code · Arizona · Title 42 — Public Utilities and Carriers and Energy Programs

42-13055. Reducing minimum value for property in use

61 words·~1 min read·/az/title-42/42-13055

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. Beginning in valuation year 2000, the department shall reduce the minimum value prescribed for class one, paragraphs 8, 9, 10 and 13 and class two

(P)valued by the assessor by 2.5 per cent good each year.

B. This section does not require the department to reduce the minimum value for any property in use below 2.5 per cent good.