43-1141. Valuation of property
50 words·~1 min read·
/az/title-43/43-1141A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals.