Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 42. Taxation |
Chapter 13. VALUATION OF LOCALLY ASSESSED PROPERTY |
Article 5. Valuation of Shopping Centers |
Sec 42-13206. Valuation of dedicated parking or common areas
Latest version.
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For the purposes of this article any part of the land of a shopping center that is limited by a zoning requirement or contractual covenant to parking or common area use shall be valued on the assumption that no other use is possible.