Arizona Statutes
§ 42-15007 — Assessed valuation of class seven property
Arizona·Title 42 Arizona Revised Statutes·Ch. 15 ASSESSMENT PROCESS·Art. 1 Determining Assessed Valuation
The assessed valuation of class seven property described in section 42-12007 is the percentage of value prescribed for class one property by section 42-15001, except that modifications intended to restore and rehabilitate the historic property as approved by the state historic preservation officer under section 42-12103 shall be assessed at one per cent for up to ten years.
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