Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 42. Taxation |
Chapter 15. ASSESSMENT PROCESS |
Article 1. Determining Assessed Valuation |
Sec 42-15007. Assessed valuation of class seven property
Latest version.
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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.