Arizona § 42-13055 - Reducing minimum value for property in use
Full text of Arizona Arizona Revised Statutes § 42-13055 — Reducing minimum value for property in use, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Arizona § 42-13055
What does Arizona Revised Statutes § 42-13055 cover?
Section 42-13055 ("Reducing minimum value for property in use") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 42-13055?
A common citation format is "Arizona Revised Statutes § 42-13055" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 42-13055 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.