reglab/housing_qa huggingface dataset:
AZ Rev Stat § 42-13101 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13101 - Valuation of agricultural land

42-13101.  Valuation of agricultural land A. Land that is used for agricultural purposes shall be valued using only the income approach to value without any allowance for urban or market influences. B. The income of agricultural property shall be determined using the capitalized average annual net cash rental of the property. For purposes of this subsection the average annual net cash rental of the property: 1. Is the average of the annual net cash rental,  excluding real estate and sales taxes,  determined through an analysis of typical arm's length rental agreements collected for a five year period before the year for which the valuation is being determined for comparable agricultural land used for agricultural purposes and located in the vicinity,  if practicable,  of the property being valued. 2. Shall be capitalized at a rate 1.5 percentage points higher than the average long-term annual effective interest rate for all new farm credit services loans for the five year period before the year for which the valuation is being determined.
AZ Rev Stat § 42-13102 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13102 - Statement of agricultural lease

42-13102.  Statement of agricultural lease A. Each lease of agricultural land or agreement to rent agricultural land for a period of more than ninety days shall be abstracted in a written statement in a form approved by the department containing at least the following information: 1. The name and address of the lessor and lessee. 2. The complete legal description of the property. 3. The situs address,  if any,  of the property. 4. The cash or cash equivalent of the lease payments. 5. The conditions of the lease,  including the relationship,  if any,  of the parties. 6. The lessor expenses associated with the property excluding land cost,  interest on land cost,  income tax depreciation and capital improvements. B. The county assessor shall not use the information listed pursuant to chapter 15,  article 2 of this title to supplement the information obtained pursuant to this section. C. The owner or lessor or an agent of the owner or lessor shall file the statement with the county assessor for use by the assessor for the valuation process under section 42-13101. If the ownership or the lessor or lessee of the property changes or if there is a change in the lease as abstracted pursuant to subsection A of this section,  a new statement shall be filed with the assessor within three months after the change or before January 31,  whichever is later. D. The assessor shall transmit a copy of the statement to the department.
AZ Rev Stat § 42-13151 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13151 - Definition of golf course

42-13151.  Definition of golf course In this article,  unless the context otherwise requires,  " golf course"  means substantially undeveloped land,  including amenities such as landscaping,  irrigation systems,  paths and golf greens and tees,  that may be used for golfing or golfing practice by the public or by members and guests of a private club. Golf course does not include: 1. Commercial golf practice ranges that are operated exclusive of golf courses that are valued under this article. 2. Clubhouses,  pro shops,  restaurants and similar buildings that are associated with the golf course,  which are generally used by the public or by members and guests who are entitled to use the golf course.
AZ Rev Stat § 42-13154 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13154 - Covenant not to convert golf course to another use; violation; penalty

42-13154.  Covenant not to convert golf course to another use;  violation;  penalty A. As a condition for valuation under this article,  the owner of a golf course shall record a deed restriction with the county recorder and file a copy of the restriction with the county assessor,  restricting the property to use as a golf course for at least ten years. The deed restriction must be refiled as necessary to ensure that the deed restriction always applies for at least ten years. B. The valuation of a golf course under this section constitutes a covenant between the county assessor and the owner of the golf course that the use of the property will remain unchanged for the duration of the deed restriction. C. The assessor shall maintain a record of the value of the property determined under this article and the value of the property if it had not been determined under this article. The assessor shall maintain the record for at least ten years for use in computing the penalty under subsection D if the property is converted to a different use in violation of the covenant. D. If the property is converted to a different use in violation of the covenant,  the assessor shall add to the tax levied against the property on the next tax roll a penalty equal to the difference between the total amount of property taxes that would have been levied on the property for the preceding ten years or the period of time the property was valued under this section,  whichever period is shorter,  if the property had not been valued under this section and the property taxes that were actually paid for the same period. The penalty due under this subsection shall be paid before completion of the next property tax roll and is enforceable and subject to the same penalties and interest as if the penalty were a tax levied against the property.
AZ Rev Stat § 42-13201 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13201 - Definition of shopping center

42-13201.  Definition of shopping center In this article,  unless the context otherwise requires,  " shopping center"  means an area that is comprised of three or more commercial establishments,  the purpose of which is primarily retail sales,  that has a combined gross leasable area of at least twenty-seven thousand square feet,  that is owned or managed as a unit with at least one of the establishments having a gross leasable area of at least ten thousand square feet and that is either owner-occupied or subject to a lease that has a term of at least fifteen years.
AZ Rev Stat § 42-13202 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13202 - Exclusive method and procedure for valuing shopping centers; confidentiality

42-13202.  Exclusive method and procedure for valuing shopping centers;  confidentiality A. A shopping center that is subject to valuation for purposes of property tax shall be valued pursuant to this article. This article establishes the exclusive valuation methods and procedure for determining the valuation of a shopping center. B. All information that a taxpayer submits pursuant to this article is confidential pursuant to chapter 2,  article 1 of this title.
AZ Rev Stat § 42-13203 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13203 - Replacement cost less depreciation method of valuing shopping centers; election to use income method on appeal

42-13203.  Replacement cost less depreciation method of valuing shopping centers;  election to use income method on appeal A. Except as provided by section 42-13204,  the county assessor shall determine the valuation of a shopping center by using the replacement cost less depreciation method. B. This method shall use base rates in existence on January 1,  1982 subject to any changes that are necessary to reflect changes in costs of construction. The base rates shall be based on average costs that relate to this state as reported in professional cost manuals and publications that are approved by the department. C. The depreciation schedule used under the replacement cost less depreciation method,  including any adjustment for obsolescence,  shall be the schedule in existence on January 1,  1982 and used by the county assessor. D. On review or appeal of a valuation determined under this section,  the owner of a shopping center may elect to have the valuation of the shopping center determined by the income method commonly known as the straight line building residual method if the owner submits all reasonably necessary income and expense information. The reviewing body shall use the information submitted by the owner and may also use any other information customarily analyzed under this method. The capitalization rate used for purposes of this subsection shall be comprised of: 1. For the 1983 tax year a discount rate of 10.5 per cent,  adjusted each year thereafter according to the percentage change in the weighted average cost of monies derived from interest paid on savings accounts,  federal home loan bank advances and other borrowed money as reported by the federal home loan bank of San Francisco for this state for the most recent twelve month period ending June 30. The discount rate shall not be less than ten per cent. 2. A recapture rate based on a thirty-five year economic life. 3. The effective tax rate for the property for the most recent tax year. E. The department shall: 1. Determine the average differences in valuations for similar size and age shopping centers that result from the two valuation methods prescribed by this section and section 42-13204 and from which the department shall develop a schedule of obsolescence factors that can be added to the depreciation schedule used in the replacement cost less depreciation method. County assessors shall incorporate the obsolescence factors into the depreciation schedule. 2. Develop obsolescence factors prescribed by paragraph 1 of this subsection based on statistical research in order to,  on average,  equalize the valuations that result from the two valuation methods prescribed in this section and section 42-13204. The department may use data from state sources,  nationally recognized publications and journals and other related research.
AZ Rev Stat § 42-13204 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13204 - Election to use income method of valuation initially

42-13204.  Election to use income method of valuation initially In lieu of valuation under section 42-13203,  the owner of a shopping center may elect to have the valuation of the shopping center determined by the income method commonly known as the straight line building residual method if the owner submits all reasonably necessary income and expense information for the owner's three most recent fiscal years to the county assessor before September 1 of the year immediately preceding the year for which the property will be valued.
AZ Rev Stat § 42-13205 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13205 - Valuation method applied on appeal

42-13205.  Valuation method applied on appeal On appeal of a valuation determined by the income method pursuant to section 42-13204 or an appeal in which the owner has elected the income method pursuant to section 42-13203,  subsection D,  the valuation of a shopping center shall be determined by whichever one of the following valuation methods most closely approximates fair market value: 1. The income method commonly known as the straight line building residual method pursuant to section 42-13203,  subsection D. If the reviewing body finds that other information that is customarily analyzed under the income method must be used to properly apply the income method to the property,  it may use the other information to supplement information provided by the owner if: (a) The credible and accurate information provided by the owner remains the primary basis for the valuation under the income method. (b) The supplementary information is credible,  is derived from properties or circumstances that are substantially comparable to the property and is valid under the income method. (c) The reviewing body specifies in its written order what other information was considered,  the manner in which it was applied and the change in the valuation under the income method,  if any,  resulting from the use of the supplementary information. 2. The replacement cost less depreciation method pursuant to section 42-13203. 3. The market comparison method,  if a sale of the subject property occurred within two years before the date of valuation and no material change to the property,  its lease terms,  tenants or occupancy rates or any other material fact has occurred since the sale. If the market comparison method is applicable,  the reviewing body may consider information on sales of other properties that occurred within two years before the date of valuation and that are determined to be comparable to the subject property by clear and convincing evidence.
AZ Rev Stat § 42-13206 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13206 - Valuation of dedicated parking or common areas

42-13206.  Valuation of dedicated parking or common areas 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.
AZ Rev Stat § 42-13251 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13251 - Equalization of valuations by department

42-13251.  Equalization of valuations by department A. The department may adopt a schedule of examining and comparing the valuations of property in the several counties every year. B. The review shall be according to and consistent with the valuation directives,  rules and guidelines adopted by the department. C. Each county assessor shall provide complete copies of data files and proposed assessments to the department on or before December 15 of the year preceding the valuation year. If the data is not complete or is in a format that is not readable by the department,  the department may use the latest available data for the purposes of complying with this article.
AZ Rev Stat § 42-13252 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13252 - Scope of equalization

42-13252.  Scope of equalization A. If the department finds that inequalities exist between or within counties or between or within classes or classifications,  the department may equalize them so that all property that is subject to taxation is listed on the rolls at its full cash value. B. The department shall not issue an equalization order or directive except as provided by this article. C. The department may equalize valuations of property: 1. Between or within counties. 2. Between any designated areas authorized under the guidelines established by the department. 3. Between or within the statutory classes of property established by chapter 12,  article 1 of this title or the standard use classifications of property established by the department including between or within counties or between any designated area authorized under the guidelines established by the department. D. The equalization may be based on a deviation from the standard median or on a deviation from the coefficient of dispersion,  as prescribed by law.
AZ Rev Stat § 42-13253 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13253 - Notice of equalization order

42-13253.  Notice of equalization order On determining that an equalization order is necessary,  the department shall: 1. Notify the assessor of any county that is affected by the order. 2. At the same time,  notify by certified mail or by e-mail the governor,  the president of the senate and the speaker of the house of representatives including the reasons that necessitated the order.
AZ Rev Stat § 42-13254 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13254 - Date of issue; effective date

42-13254.  Date of issue;  effective date A. The department shall issue an equalization order no later than January 15 of the valuation year. B. The equalization order is for the valuation year in which the order is issued. C. The assessor shall not issue a notice for property affected by the equalization order pursuant to section 42-15101 until the assessor has complied with the equalization order issued pursuant to this article and the compliance is confirmed by the department,  unless the assessor has filed an appeal with the court pursuant to section 42-16212. On a showing of good cause,  the department may extend the date for issuing the notice of valuation under section 42-15101 for not more than fifteen days.
AZ Rev Stat § 42-13255 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13255 - Appeal

42-13255.  Appeal The county assessor who receives an equalization order may appeal the order to the state board of equalization pursuant to section 42-16159 on or before February 15 of the valuation year.
AZ Rev Stat § 42-13256 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13256 - Adjustments of equalized property values by assessor

42-13256.  Adjustments of equalized property values by assessor On reviewing the effect of an equalization order on individual property valuations,  the county assessor may adjust the level of valuation of a property if the equalization order would result in the property being valued at a level greater than full cash value.
AZ Rev Stat § 42-13257 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13257 - Report to property tax oversight commission

42-13257.  Report to property tax oversight commission In conjunction with the valuation examinations under this article,  the department shall report to the property tax oversight commission established by section 42-17002 on the accuracy of valuations reported in prior years pursuant to section 42-17052.
AZ Rev Stat § 42-13301 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13301 - Limited property value

42-13301.  Limited property value A. The limited property value of property for property taxation purposes is the limited property value of the property in the preceding valuation year plus five per cent of that value. B. The current limited property value of a parcel of property shall not exceed its current full cash value. C. The limited property value of a parcel of property shall be determined and shown on notices and tax rolls as the total limited property value of the property. Separate determinations shall not be made for the limited property value of land and for the improvements on the land in reference to property parcels.
AZ Rev Stat § 42-13304 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13304 - Exemptions from limitation

42-13304.  Exemptions from limitation The limitations prescribed by this article do not apply to: 1. Personal property,  other than mobile homes. The full cash value of personal property,  other than mobile homes,  shall be used for all purposes in lieu of limited property value. 2. Property included in property class one under section 42-12001,  paragraphs 1 through 7,  11 and 14. The full cash value of that property shall be used for all purposes in lieu of limited property value.
AZ Rev Stat § 42-13351 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13351 - Method and procedures for valuing property of manufacturers, assemblers or fabricators; confidentiality

42-13351.  Method and procedures for valuing property of manufacturers,  assemblers or fabricators;  confidentiality A. Real or personal property that is subject to valuation for property tax purposes and that is used by any manufacturer,  assembler or fabricator of tangible personal property,  except property that is included in class one,  paragraphs 1 through 9 and paragraphs 11 through 14 and classes two,  three,  four,  five,  six,  seven,  eight or nine,  shall be valued pursuant to this article. B. All information that a taxpayer submits pursuant to this article is confidential pursuant to chapter 2,  article 1 of this title.
AZ Rev Stat § 42-13352 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13352 - Determining valuation of property of manufacturers, assemblers or fabricators

42-13352.  Determining valuation of property of manufacturers,  assemblers or fabricators A. The county assessor shall determine the valuation of both real and personal property valued under this article. B. For purposes of determining the valuation of property valued under this article,  the county assessor shall use standard appraisal methods and techniques as provided in section 42-11001,  paragraph 6 and section 42-11054,  except as otherwise provided in this article. C. The taxable value of personal property is the result of acquisition costs less any appropriate depreciation as prescribed by the department. The taxable value shall not exceed the market value.
AZ Rev Stat § 42-13354 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13354 - Assessing personal property construction work in progress; definition

42-13354.  Assessing personal property construction work in progress;  definition A. The county assessor shall not value or assess personal property construction work in progress until the construction work has progressed to a sufficient degree for the personal property to be useful for the purposes for which it is being constructed. B. For the purposes of this section,  " personal property construction work in progress"  means the amount spent and entered on the taxpayer s accounting records as of December 31 of the preceding calendar year as construction work in progress.
AZ Rev Stat § 42-13355 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13355 - Assessing clean rooms as personal property; definition

42-13355.  Assessing clean rooms as personal property;  definition A. Clean rooms that are used for manufacturing,  processing,  fabrication or research and development of semiconductor products shall be valued and assessed as tangible personal property. B. For the purposes of this section: 1. " Clean room"  means all property that comprises or creates an environment where humidity,  temperature,  particulate matter and contamination are precisely controlled within specified parameters,  without regard to whether the property is actually contained within that environment or whether any of the property is affixed to or incorporated into real property. 2. Clean rooms include the integrated systems,  fixtures,  piping,  movable partitions,  lighting and all property that is necessary or adapted to reduce contamination or to control airflow,  temperature,  humidity,  chemical purity,  or other environmental conditions or manufacturing tolerances,  as well as the productions machinery and equipment operating in conjunction with the clean room environment. 3. Clean rooms do not include the building or a permanent,  nonremovable component of the building that houses the clean room environment.
AZ Rev Stat § 42-13401 (2021)
2021 Arizona Revised Statutes|Title 42 - Taxation|§ 42-13401 - Exclusive method of identifying and valuing common areas

42-13401.  Exclusive method of identifying and valuing common areas This article establishes the exclusive method for identifying and valuing common areas.