2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-12106 Effect of changing circumstances


AZ Rev Stat § 42-12106 (through 1st Reg Sess 51st Leg. 2013) What's This?

42-12106. Effect of changing circumstances

A. A sale or transfer of historic property to a new owner or a transfer of historic property to a new owner by reason of the death of the former owner does not disqualify the property from assessment as historic property if the property continues to qualify as historic property under this article.

B. If all or part of a parcel of property ceases to qualify as historic property under this article, the person who owns the property at the time of the change shall notify the county assessor of the change before the next January 1.

C. The owner of property that is classified and assessed as commercial historic property shall apply to the state historic preservation officer for approval of any improvement, alteration or demolition of the property. Each modification that is intended to restore or rehabilitate commercial historic property must be approved by the historic preservation officer to qualify for classification and assessment as class seven or class eight property.

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