Arizona § 42-15002 Assessed valuation of class two property

Arizona Statutes

§ 42-15002 — Assessed valuation of class two property

Arizona § 42-15002

Title 42Arizona Revised Statutes

Ch. 15ASSESSMENT PROCESS

Art. 1Determining Assessed Valuation

This text of Arizona § 42-15002 (Assessed valuation of class two property) 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. § 42-15002 (2026).

Text

The following percentages apply to the full cash value or limited valuation, as applicable, as a basis for determining the assessed valuation of class two property described in section 42-12002:

1.Class two (R): sixteen percent through December 31, 2015 and fifteen percent beginning from and after December 31, 2015.

2.Class two (P): sixteen percent through December 31, 2015, and fifteen percent beginning from and after December 31, 2015, of the value exceeding the maximum amount of valuation of personal property that is exempt from taxation pursuant to section 42-11127.

3.Class two (C): fifteen percent.

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The following percentages apply to the full cash value or limited valuation, as applicable, as a basis for determining the assessed valuation of class two property described in section 42-12002:

1. Class two (R): sixteen percent through December 31, 2015 and fifteen percent beginning from and after December 31, 2015.

2. Class two (P): sixteen percent through December 31, 2015, and fifteen percent beginning from and after December 31, 2015, of the value exceeding the maximum amount of valuation of personal property that is exempt from taxation pursuant to section 42-11127.

3. Class two (C): fifteen percent.