Arizona Statutes

§ 12-1136 — Definitions

Arizona § 12-1136
JurisdictionArizona
Title 12Arizona Revised Statutes
Ch. 8SPECIAL ACTIONS AND PROCEEDINGS RELATING TO PROPERTY
Art. 2.Private Property Rights Protection Act

This text of Arizona § 12-1136 (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. § 12-1136 (2026).

Text

(Caution: 1998 Prop. 105 applies) In this article, unless the context otherwise requires:

1."Fair market value" means the most likely price estimated in terms of money which the land would bring if exposed for sale in the open market, with reasonable time allowed in which to find a purchaser, buying with knowledge of all the uses and purposes to which it is adapted and for which it is capable.
2."Just compensation" for purposes of an action for diminution in value means the sum of money that is equal to the reduction in fair market value of the property resulting from the enactment of the land use law as of the date of enactment of the land use law.
3."Land use law" means any statute, rule, ordinance, resolution or law enacted by this state or a political subdivision of this state t

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Bluebook (online)
Arizona § 12-1136, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/12-1136.