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2024 Arizona Revised Statutes
Title 42 - Taxation
§ 42-13055 - Reducing minimum value for property in use

Universal Citation:
AZ Rev Stat § 42-13055 (2024)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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42-13055. Reducing minimum value for property in use

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.

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