Arizona § 42-13501 - Limit on valuation of real property with abandoned renewable energy equipment
Full text of Arizona Arizona Revised Statutes § 42-13501 — Limit on valuation of real property with abandoned renewable energy equipment, with citation guidance and answers to common questions.
§ 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.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-13501
What does Arizona Revised Statutes § 42-13501 cover?
Section 42-13501 ("Limit on valuation of real property with abandoned renewable energy equipment") 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 § 42-13501?
A common citation format is "Arizona Revised Statutes § 42-13501" (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 § 42-13501 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.