2005 Arizona Revised Statutes - Revised Statutes §42-16162  Increase or decrease in valuation or change in classification

A. Based on evidence presented at a hearing on an appeal, the state board may increase or decrease a valuation or change a classification in any proceeding in order to properly reflect the full cash value or the proper classification.

B. At least seven days before the hearing on an appeal any party that requests an increase in full cash value shall inform by mail all parties of the request and shall provide a description of the evidence that is proposed to be introduced to support the increase.

C. In considering any petition filed by any person, the state board shall review and consider all competent evidence relating to full cash value, including, if presented, the valuation of similar property that is similarly situated.