Arizona § 42-14105 - Basis for valuing producing oil, gas and geothermal resource interests
Full text of Arizona Arizona Revised Statutes § 42-14105 — Basis for valuing producing oil, gas and geothermal resource interests, with citation guidance and answers to common questions.
§ 42-14105. Basis for valuing producing oil, gas and geothermal resource interests
A. Producing oil, gas and geothermal resource interests shall be valued for tax purposes at the amount of the gross yield for the preceding calendar year. The gross yield is the valuation of the oil, gas or geothermal resource interests of the lands from which the oil, gas or geothermal resource is produced as of January 1 of the following year.
B. This valuation does not affect the valuation of property other than producing oil, gas or geothermal resource interests.
C. Notwithstanding any other law, the basis of valuation prescribed by this section is in lieu of any other method of valuing oil, gas or geothermal resource interests and the oil, gas and geothermal resource deposits for ad valorem tax purposes.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-14105
What does Arizona Revised Statutes § 42-14105 cover?
Section 42-14105 ("Basis for valuing producing oil, gas and geothermal resource interests") 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 § 42-14105?
A common citation format is "Arizona Revised Statutes § 42-14105" (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 § 42-14105 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.