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2017 Arizona Revised Statutes
Title 43 - Taxation of Income
§ 43-1141 Valuation of property
Universal Citation: AZ Rev Stat § 43-1141 (2017)
43-1141. Valuation of property
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.
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