Arizona § 42-13301 - Limited property value
Full text of Arizona Arizona Revised Statutes § 42-13301 — Limited property value, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Arizona § 42-13301
What does Arizona Revised Statutes § 42-13301 cover?
Section 42-13301 ("Limited property value") 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 § 42-13301?
A common citation format is "Arizona Revised Statutes § 42-13301" (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 § 42-13301 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.