Arizona § 28-7096 Appraisal reports; market analyses

Arizona Statutes

§ 28-7096 — Appraisal reports; market analyses

Arizona § 28-7096

Title 28Arizona Revised Statutes

Ch. 20STATE HIGHWAYS AND ROUTES

Art. 6Land Purchase, Sale and Condemnation

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Bluebook

Ariz. Rev. Stat. Ann. § 28-7096 (2026).

Text

A.The director shall justify each acquisition or disposal under this article of real property with an estimated value of more than fifty thousand dollars by at least one appraisal report that is of sufficient scope to document and justify the economic basis for the acquisition or disposal.

B.The director may acquire or dispose of real property valued at fifty thousand dollars or less after the value has been estimated and justified by a market analysis based on comparable sales.

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A. The director shall justify each acquisition or disposal under this article of real property with an estimated value of more than fifty thousand dollars by at least one appraisal report that is of sufficient scope to document and justify the economic basis for the acquisition or disposal.

B. The director may acquire or dispose of real property valued at fifty thousand dollars or less after the value has been estimated and justified by a market analysis based on comparable sales.