Arizona Statutes
§ 42-13055 — Reducing minimum value for property in use
Arizona § 42-13055
JurisdictionArizona
Title 42Arizona Revised Statutes
Ch. 13VALUATION OF LOCALLY ASSESSED PROPERTY
Art. 2Property Valuation by Assessors
This text of Arizona § 42-13055 (Reducing minimum value for property in use) 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. § 42-13055 (2026).
Text
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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Nearby Sections
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Definitions§ 42-1005
Powers and duties of director§ 42-1007
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Definitions§ 42-11002
Property subject to taxation§ 42-11003
Double taxation prohibitedCite This Page — Counsel Stack
Bluebook (online)
Arizona § 42-13055, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/42-13055.