Arizona § 42-14054 Determining and reporting valuation of closed mines

Arizona Statutes

§ 42-14054 — Determining and reporting valuation of closed mines

Arizona § 42-14054

Title 42Arizona Revised Statutes

Ch. 14VALUATION OF CENTRALLY ASSESSED PROPERTY

Art. 2Mines, Mills and Smelters

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Bluebook

Ariz. Rev. Stat. Ann. § 42-14054 (2026).

Text

A.On or before August 31 of each year, the department shall find the full cash value of all patented and unpatented mines that were producing mines on the first Monday in January of any of the three preceding years but that are no longer producing mines.

B.On or before November 30 of each year, the department shall transmit the valuations of these properties in each taxing district to the respective county assessors.

C.The valuation required by this section is the value determined as of January 1 of the valuation year.

D.The department shall value nonproducing mines for a period of three valuation years after the last valuation year in which it was valued as a producing mine.

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A. On or before August 31 of each year, the department shall find the full cash value of all patented and unpatented mines that were producing mines on the first Monday in January of any of the three preceding years but that are no longer producing mines.

B. On or before November 30 of each year, the department shall transmit the valuations of these properties in each taxing district to the respective county assessors.

C. The valuation required by this section is the value determined as of January 1 of the valuation year.

D. The department shall value nonproducing mines for a period of three valuation years after the last valuation year in which it was valued as a producing mine.