Arizona § 42-13204 - Election to use income method of valuation initially
Full text of Arizona Arizona Revised Statutes § 42-13204 — Election to use income method of valuation initially, with citation guidance and answers to common questions.
§ 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.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-13204
What does Arizona Revised Statutes § 42-13204 cover?
Section 42-13204 ("Election to use income method of valuation initially") 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 § 42-13204?
A common citation format is "Arizona Revised Statutes § 42-13204" (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 § 42-13204 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.