Arizona § 11-1131 Definitions

Arizona Statutes

§ 11-1131 — Definitions

Arizona § 11-1131

Title 11Arizona Revised Statutes

Ch. 8DEVELOPMENT FEES

Art. 2Real Estate Transfer Affidavit and Fee

This text of Arizona § 11-1131 (Definitions) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 11-1131 (2026).

Text

In this article, unless the context otherwise requires: 1. "Department" means the department of revenue. 2. "Value" means:

(a)In any case other than a gift, the amount of the full actual consideration that is paid or to be paid, including the amount of any lien or liens.

(b)In the case of a gift or a contract or deed with nominal consideration or without stated consideration, the estimated price the property would bring in an open market and under the prevailing market conditions in a sale between a willing seller and a willing buyer, both of whom are conversant with the property and with prevailing general price levels.

Free access — add to your briefcase to read the full text and ask questions with AI

In this article, unless the context otherwise requires:

1. "Department" means the department of revenue.

2. "Value" means:

(a) In any case other than a gift, the amount of the full actual consideration that is paid or to be paid, including the amount of any lien or liens.

(b) In the case of a gift or a contract or deed with nominal consideration or without stated consideration, the estimated price the property would bring in an open market and under the prevailing market conditions in a sale between a willing seller and a willing buyer, both of whom are conversant with the property and with prevailing general price levels.