reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13051 - Duties of county assessor

42-13051.
Duties of county assessor
A. Not later than December 15 of each year the county assessor shall identify by diligent inquiry and examination all real property in the county that is subject to taxation and that is not otherwise valued by the department as provided by law.
B. The assessor shall:
1. Determine the names of all persons who own,  claim,  possess or control the property,  including properties subject to the government property lease excise tax pursuant to chapter 6,  article 5 of this title.
2. Determine the full cash value of all such property as of January 1 of the next year by using the manuals furnished and procedures prescribed by the department.
3. List the property with the determined valuation for use on the tax roll and report to the department of education the determined valuations of properties that are subject to the government property lease excise tax pursuant to chapter 6,  article 5 of this title.
C. In identifying property pursuant to this section,  the assessor shall use aerial photography,  applicable department of revenue records,  building permits and other documentary sources and technology.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13052 - Continuing valuation of class two, three and four property

42-13052.
Continuing valuation of class two,  three and four property
In the case of property that is classified as class two,  three or four pursuant to section 42-12002,  42-12003 or 42-12004,  the assessor may use the same valuation for up to three consecutive tax years if:
1. The assessor files a specific plan for the valuations with the department.
2. The plan is implemented uniformly throughout the county.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13053 - Exception list; review of valuation

42-13053.
Exception list;  review of valuation
A. If the county assessor initially determines the valuation of property under this article by using a computerized data processing or valuation program,  and if the valuation found by that method constitutes a change in the valuation methodology and the resulting change in valuation in any year is more than fifteen per cent above or below the valuation found for the same parcel of property in the preceding year,  the assessor shall place the parcel on an exception list. The assessor shall review the valuation to determine if the change in valuation reflects the current status and conditions affecting each property on the exception list before mailing the notice of valuation.
B. This section does not apply in the case of parcel splits or consolidations,  construction or destruction of improvements,  changes in use or classification of the property,  or other occurrences that would account for the change in valuation.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13055 - Reducing minimum value for property in use

42-13055.
Reducing minimum value for property in use
A. Beginning in valuation year 2000,  the department shall reduce the minimum value prescribed for class one,  paragraphs 8,  9,  10 and 13 and class two (P) valued by the assessor by 2.5 per cent good each year.
B. This section does not require the department to reduce the minimum value for any property in use below 2.5 per cent good.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13056 - Taxable value of solar energy devices classified as personal property; depreciated value; definition

42-13056.
Taxable value of solar energy devices classified as personal property;  depreciated value;  definition
A. When characterized as personal property,  subject to any applicable constitutional exemption from taxation,  the property specified in section 42-11054,  subsection C,  paragraph 3 shall be valued annually,  at its taxable original cost,  minus any appropriate depreciation as prescribed by tables adopted by the department. Each taxpayer that owns the property specified in section 42-11054,  subsection C,  paragraph 3 shall annually report to the assessor in each county where the property is located the taxable original cost of the property.
B. As the annual scheduled depreciated value for this section,  the county assessor shall use the depreciation table prescribed by the department for personal property with a ten-year life,  based on the date each device or system was placed into service.
C. Notwithstanding any other law,  the county assessor shall adjust the depreciation schedules prescribed by the department as follows:
1. For the first tax year of assessment,  the assessor shall use three percent of the scheduled depreciated value.
2. For the second tax year of assessment,  the assessor shall use three percent of the scheduled depreciated value.
3. For the third tax year of assessment,  the assessor shall use three percent of the scheduled depreciated value.
4. For the fourth tax year of assessment,  the assessor shall use four percent of the scheduled depreciated value.
5. For the fifth tax year of assessment,  the assessor shall use five percent of the scheduled depreciated value.
6. For the sixth tax year of assessment,  the assessor shall use six percent of the scheduled depreciated value.
7. For the seventh tax year of assessment,  the assessor shall use eight percent of the scheduled depreciated value.
8. For the eighth tax year of assessment,  the assessor shall use eleven percent of the scheduled depreciated value.
9. For the ninth tax year of assessment,  the assessor shall use twenty-four percent of the scheduled depreciated value.
10. For the tenth tax year of assessment,  the assessor shall use one hundred percent of the scheduled depreciated value.
D. For the purposes of this section,  " taxable original cost"  means the original cost minus the value of any investment tax credits,  production tax credits or cash grants in lieu of investment tax credits applicable to the taxable renewable energy equipment.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13402 - Identifying common areas; definition

42-13402.
Identifying common areas;  definition
A. The county assessor shall identify common areas for valuation under this article.
B. In general,  common areas consist of improved or unimproved real property that is intended for the use of owners and residents of a residential subdivision or development and invited guests of the owners or residents and include common beautification areas and common areas used as an airport. Areas that do not qualify as common areas shall be valued using standard appraisal techniques. The following are not considered to be common areas:
1. Common elements of a condominium,  as defined in section 33-1202.
2. A golf course,  as defined in section 42-13151 and valued pursuant to article 4 of this chapter.
C. Property must meet all of the following requirements to be considered a common area:
1. The property must be owned by a nonprofit homeowners' association,  community association or corporation.
2. The association or corporation must be organized and operated to provide for the maintenance and management of the common area property.
3. All residential property owners in the development must be required to be and must actually be members of the association or corporation,  or must be obligated to pay mandatory assessments to maintain and manage the common areas.
4. All members of the association or residential property owners in the development,  their immediate families and,  if provided by rules of the association or corporation,  guests must have a right to use and enjoy the common areas. This right must be appurtenant to and pass with title to each lot and parcel. The association or corporation may assess fees for particular uses of individual common areas.
5. The common areas must be deeded to the association or corporation.
D. For purposes of this section " airport"  means runways and taxiways that are used primarily by residents of the residential subdivision but that may be designated as a reliever airport by the federal aviation administration and that receives no public funding.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13403 - Computing valuation

42-13403.
Computing valuation
A. Subject to section 42-13404,  values for common areas shall be made on the assumption that no other property use is possible.
B. Land,  buildings and improvements used for common areas shall be valued at five hundred dollars per parcel. The county assessor may divide the assessment amount per parcel to depict an assessment for land and an assessment for buildings and improvements provided that the total assessment for the parcel does not exceed five hundred dollars.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13404 - Deed restriction on common area use

42-13404.
Deed restriction on common area use
A. As a condition for valuation under this article,  the subdivider of a residential subdivision,  on approval of the subdivision by the state real estate department pursuant to title 32,  chapter 20,  article 4,  or the community or homeowners' association that owns the common area 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 common area.
B. If the property is converted to a different use in violation of the restrictions,  the assessor shall change the classification and revalue the property according to standard appraisal methods and techniques.
C. The county assessor may consolidate parcel combinations within the same taxing district if requested by the community or homeowners' association. A community or homeowners' association may provide a one-time list of common area tracts by parcel number to the assessor,  in a form prescribed by the department of revenue.
D. The county assessor shall automatically consolidate parcel combinations within the same taxing district. If after further review by the assessor the parcel does not meet the requirements of a common area as described in section 42-13402,  the assessor may revoke the statutory valuation made pursuant to section 42-13403 and shall value the parcel according to standard appraisal techniques. The revocation does not waive a community or homeowners' association's right to request the common area valuation.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13451 - Definitions

42-13451.
Definitions
In this article,  unless the context otherwise requires:
1. " Accommodation"  means any apartment,  condominium or cooperative unit,  cabin,  lodge,  hotel or motel room or other private or commercial structure containing toilet facilities that is designed and available for use and occupancy as a residence by one or more individuals and that is included in the offering of a timeshare plan.
2. " Association"  means any organized body consisting of the purchasers of interests in a timeshare plan.
3. " Developer"  means either of the following:
(a) Any person,  corporation,  partnership,  limited liability company,  trust or other entity,  other than a sales agent,  that creates a timeshare plan or is in the business of selling timeshare interests or employs sales agents to sell timeshare interests.
(b) Any person or entity that succeeds to the interest of the developer by sale,  lease,  assignment,  mortgage or other transfer if the person offers at least twelve timeshare interests in a particular timeshare plan and the person is in the business of selling timeshare interests or employs sales agents to sell timeshare interests.
4. " Managing entity"  means the association or other person that undertakes the duties,  responsibilities and obligations of the management of a timeshare plan.
5. " Promotion"  means a plan or device,  including one involving the possibility of a prospective purchaser receiving a vacation,  discount vacation,  gift or prize,  used by a developer or the developer's employee,  or on the developer's behalf by an agent or the agent's employee,  an independent contractor or the independent contractor's employee in connection with the offering and sale of timeshare interests in a timeshare plan.
6. " Timeshare interest"  includes either a timeshare estate or a timeshare use.
7. " Timeshare property"  means one or more accommodations subject to the same timeshare instrument,  together with any other property or rights to property appurtenant to those accommodations.
8. " Transient occupant"  means any person who occupies an accommodation in a timeshare property and provides rental income to the developer or association to occupy the accommodation. Transient occupant does not include any person who uses an accommodation as a promotion,  timeshare interest or exchange program.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13452 - Computing valuation

42-13452.
Computing valuation
A. Except as provided by subsection B,  the county assessor shall determine the valuation of timeshare property based on the original gross sales price of the timeshare interests of the timeshare property to a buyer. If there are insufficient original sales,  the county assessor may use the sales of comparable timeshare interests. When using the original gross sales price of the timeshare interests,  the county assessor shall deduct a reasonable amount representing nonrealty components of the original gross sales price. The deductions may include extraordinary initial marketing costs,  business going concern value,  excess sales commission costs,  unusual financing,  transactions that are not at arms length,  atypical developer risks,  extended marketing time,  the value of any personal property and other nonrealty components,  including vacation conveniences and services,  club memberships,  exchange programs and unusual closing costs. The amount of the deductions shall be presumed to be sixty-five per cent of the original gross sales price of the timeshare interest,  except that the presumption is rebuttable by the county assessor or the managing entity.
B. If the value of the timeshare interests can be appropriately determined by using resale prices of the timeshare interests for the timeshare property,  the county assessor shall determine the value of the timeshare property based on the resale prices of the timeshare interests. If there are insufficient resale prices,  the county assessor may use resale prices of comparable timeshare interests. When using the resale price,  the county assessor shall deduct from the resale price the nonrealty components,  including:
1. Atypical costs associated with the resale,  including marketing costs,  holding costs,  commissions and financing costs.
2. The value of any personal property and rights associated with the timeshare interest being resold.
C. If the county assessor rebuts the presumption in subsection A,  the county assessor,  on or before mailing the notice of valuation,  shall notify the managing entity of the reason for the disapproval and establish the methodology the county assessor will use in determining the value of the timeshare property.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13453 - Timeshare use form

42-13453.
Timeshare use form
A. On or before September 30 of each year,  each managing entity shall file with the county assessor a timeshare use form,  prescribed by the department,  for each timeshare property. The form shall contain:
1. The name and mailing address of the managing entity.
2. The total number of accommodations included within the managing entity's timeshare property and the total number of available nights for all accommodations.
3. The total number of nights for all accommodations that were used by a transient occupant during the reporting year.
4. The estimated original gross sales price of any timeshare interest if an affidavit of legal value is not required pursuant to section 11-1133. The estimated original gross sales price shall be determined by equating the actual sales price for a timeshare interest to an estimated sales price for the timeshare interest on a weekly use basis.
B. The county assessor shall mail the timeshare use form to the last known mailing address of the managing entity on or before August 1 of each year.
C. If the managing entity does not file the timeshare use form,  the managing entity retains its right to appeal the classification pursuant to chapter 16 of this title.
D. If the transient occupant use of the timeshare property was less than ten per cent of all available nights for all accommodations during the reporting period,  the county assessor shall treat the timeshare property as if no transient occupant use occurred on the property.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13454 - Managing entity as agent of owner

42-13454.
Managing entity as agent of owner
A. Except as provided in subsection B,  for the purpose of ad valorem taxation the managing entity identified on the timeshare use form is considered to be the taxpayer as agent of the person who owns the timeshare property.
B. For the purpose of an appeal pursuant to chapter 16 of this title,  the managing entity may be considered the agent of the person who owns the timeshare property.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13501 - Limit on valuation of real property with abandoned renewable energy equipment

42-13501.
Limit on valuation of real property with abandoned renewable energy equipment
A. The assessed value of a leased portion of real property that qualifies under subsection B of this section is the greater of the total lease payments collected by the real property owner during the tax year or the assessed value of the leased property if it were classified as class two property.
B. The real property must meet all of the following conditions:
1. The real property is being leased by the real property owner to a lessee that maintains renewable energy equipment on the leased real property.
2. The real property owner or any affiliate of the owner has no ownership interest in the lessee or any of its affiliates.
3. The lessee is in default on the lease,  is not making lease payments under the lease and has abandoned its renewable energy equipment on the leased real property.
4. The leased real property was classified as class two agricultural property for the tax year before the lease term commenced.
5. The total lease payments collected by the real property owner under the lease in default are less than the assessed value of the leased real property under class one.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13551 - Definition of guest ranch

42-13551.
Definition of guest ranch
For the purposes of this article,  " guest ranch"  means real property and improvements to property being used as a guest ranch that meets all of the following:
1. Consists of at least one thousand contiguous acres that are any of the following:
(a) Private property adjacent to the headquarters.
(b) Leased property adjacent to the headquarters. For the purposes of this subdivision,  the lease agreement may be for private or public real property and must be in writing and include riding rights.
(c) Public land that is subject to a riding permit.
2. Provides recreational activities that include horseback riding,  hiking,  biking or a working cattle ranch experience for guests.
3. Has an organized and supervised horse program on the property with a horse herd that consists of a number of horses that is equal to or greater than the total number of guest accommodations during the operating season in which guests are present.
4. Uses at least one permanent structure that has running water,  sewage disposal and a kitchen.
5. Provides guests with three meals each day as part of the guest ranch's primary package,  commonly referred to as the " American plan" .
6. Includes the word " ranch"  or " rancho"  in the guest ranch's name.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13552 - Deed restriction on guest ranch use; covenants; violation; penalty

42-13552.
Deed restriction on guest ranch use;  covenants;  violation;  penalty
A. As a condition for valuation under this article,  the owner of a guest ranch shall record a deed restriction with the county recorder and file a copy of the restriction with the county assessor that restricts the property to use as a guest ranch 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. For initial valuation under this article,  the deed restriction must be filed on or before August 31 of the year preceding the valuation.
B. The valuation of a guest ranch under this section constitutes a covenant between the county assessor and the owner of the guest ranch that the use of the property will remain unchanged for the duration of the deed restriction.
C. The county 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 of this section 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 owner shall notify the county assessor of the change in use. The county 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 the next property tax roll is completed and is enforceable and subject to the same penalties and interest as if the penalty were a tax levied against the property.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13601 - Definitions

42-13601.
Definitions
In this article,  unless the context otherwise requires:
1. " Conventional multifamily property"  means a residential rental property that does not meet the requirements prescribed in paragraph 3 of this section.
2. " Low-income housing tax credit program"  means the federal low-income housing tax credit program established by the tax reform act of 1986,  codified in section 42 of the internal revenue code and administered by the Arizona department of housing pursuant to section 35-728 to encourage construction and rehabilitation of low-income rental housing.
3. " Low-income multifamily residential rental property"  means multifamily residential property to which all of the following apply:
(a) The owner received an allocation of federal income tax credits through the low-income housing tax credit program.
(b) The property remains both income and rent restricted consistent with the low-income housing tax credit program and the provisions of the declaration of affirmative land use restrictive covenants agreement recorded on the property. The requirement of this subdivision is met if an affirmative land use restrictive covenants agreement is not yet recorded on the property but the property is otherwise subject to both income and rent restrictions under the low-income housing tax credit program.
(c) A federal,  state or tribal court has not entered a judgment or order based on a finding that an act or omission of an owner or operator of the property constitutes a breach or violation of either:
(i) The declaration of affirmative land use restrictive covenants agreement recorded on the property.
(ii) Restrictions under the low-income housing tax credit program imposed on the property but not contained within an affirmative land use restrictive covenants agreement.
(d) The restrictions apply to all units on the property except employee units.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13604 - Required documentation

42-13604.
Required documentation
A. As a condition of valuation under this article,  an owner or operator of low-income multifamily residential rental property must provide written documentation to the county assessor confirming that the property has been placed in service as a low-income multifamily residential rental property consistent with section 42 of the internal revenue code.
B. Internal revenue service form 8609 or an equivalent successor form designated by the internal revenue code that is signed by the Arizona department of housing or the certificate of occupancy and the declaration of affirmative land use restrictive covenants agreement recorded on the property satisfy the documentation requirement prescribed by this section.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-13605 - Appeals

42-13605.
Appeals
A. An owner or operator of low-income multifamily residential rental property that opts into the income valuation method set forth in this article may appeal the value of the property pursuant to chapter 16 of this title. On appeal,  the owner or operator may submit more recent income and expense data from the year preceding January 1 of the valuation year to be used in calculating the value of the property by the valuation method set forth in this article.
B. An owner or operator of low-income multifamily residential rental property that does not opt into the income valuation method set forth in this article may appeal the value of the property using the valuation method set forth in this article.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-14001 - Properties subject to valuation by the department; limitation on valuation increases

42-14001.
Properties subject to valuation by the department;  limitation on valuation increases
A. The department shall determine the valuation of the properties described in this chapter.
B. The limitations on increases in valuation prescribed by article IX,  section 18,  Constitution of Arizona,  and by chapter 13,  article 7 of this title apply to valuations determined by the department under this chapter except as provided by section 42-13304.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-14002 - Notice of preliminary valuation; hearing

42-14002.
Notice of preliminary valuation;  hearing
A. On or before June 15 the department shall notify owners of property that is valued by the department of the department's determination of the preliminary full cash value of the property.
B. On or before July 15 the property owner may file a written application to appear before the department and be heard concerning the value determined.
2023 Arizona Revised Statutes › Title 42 - Taxation › § 42-14003 - Information considered in determining valuation; notice of determination

42-14003.
Information considered in determining valuation;  notice of determination
A. In determining valuation under this chapter the department shall consider all additional information including information that is presented in an appeal and information that is otherwise available.
B. The department shall notify the property owner of the final full cash value on or before August 31.