Arizona Statutes
§ 42-13055 — Reducing minimum value for property in use
Arizona·Title 42 Arizona Revised Statutes·Ch. 13 VALUATION OF LOCALLY ASSESSED PROPERTY·Art. 2 Property Valuation by Assessors
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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