Arizona § 42-14105 Basis for valuing producing oil, gas and geothermal resource interests

Arizona Statutes

§ 42-14105 — Basis for valuing producing oil, gas and geothermal resource interests

Arizona § 42-14105

Title 42Arizona Revised Statutes

Ch. 14VALUATION OF CENTRALLY ASSESSED PROPERTY

Art. 3Oil, Gas and Geothermal Properties

This text of Arizona § 42-14105 (Basis for valuing producing oil, gas and geothermal resource interests) 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. § 42-14105 (2026).

Text

A.Producing oil, gas and geothermal resource interests shall be valued for tax purposes at the amount of the gross yield for the preceding calendar year. The gross yield is the valuation of the oil, gas or geothermal resource interests of the lands from which the oil, gas or geothermal resource is produced as of January 1 of the following year.

B.This valuation does not affect the valuation of property other than producing oil, gas or geothermal resource interests.

C.Notwithstanding any other law, the basis of valuation prescribed by this section is in lieu of any other method of valuing oil, gas or geothermal resource interests and the oil, gas and geothermal resource deposits for ad valorem tax purposes.

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A. Producing oil, gas and geothermal resource interests shall be valued for tax purposes at the amount of the gross yield for the preceding calendar year. The gross yield is the valuation of the oil, gas or geothermal resource interests of the lands from which the oil, gas or geothermal resource is produced as of January 1 of the following year.

B. This valuation does not affect the valuation of property other than producing oil, gas or geothermal resource interests.

C. Notwithstanding any other law, the basis of valuation prescribed by this section is in lieu of any other method of valuing oil, gas or geothermal resource interests and the oil, gas and geothermal resource deposits for ad valorem tax purposes.