Arizona § 42-13204 Election to use income method of valuation initially

Arizona Statutes

§ 42-13204 — Election to use income method of valuation initially

Arizona § 42-13204

Title 42Arizona Revised Statutes

Ch. 13VALUATION OF LOCALLY ASSESSED PROPERTY

Art. 5Valuation of Shopping Centers

This text of Arizona § 42-13204 (Election to use income method of valuation initially) 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. § 42-13204 (2026).

Text

In lieu of valuation under section 42-13203, the owner of a shopping center may elect to have the valuation of the shopping center determined by the income method commonly known as the straight line building residual method if the owner submits all reasonably necessary income and expense information for the owner's three most recent fiscal years to the county assessor before September 1 of the year immediately preceding the year for which the property will be valued.

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In lieu of valuation under section 42-13203, the owner of a shopping center may elect to have the valuation of the shopping center determined by the income method commonly known as the straight line building residual method if the owner submits all reasonably necessary income and expense information for the owner's three most recent fiscal years to the county assessor before September 1 of the year immediately preceding the year for which the property will be valued.