Arizona § 42-14254 - Determination of value
Full text of Arizona Arizona Revised Statutes § 42-14254 — Determination of value, with citation guidance and answers to common questions.
§ 42-14254. Determination of value
A. On or before August 31 the department shall determine the full cash value of all flight property that is operated in this state in air commerce by each airline company. The full cash value is the value determined as of January 1 of the valuation year.
B. The department shall:
1. Determine the valuation of flight property by fleet type.
2. Determine the valuation of each fleet type by the original cost less depreciation.
3. Compute depreciation using fifteen year straight line depreciation to salvage value. Salvage value is:
(a) Ten per cent of original cost of aircraft that are out of production.
(b) Twenty-five per cent of original cost of aircraft that are being manufactured as of January of the valuation year.
4. Allow additional obsolescence if supported by market evidence.
C. Small flight property that is operated in this state in air commerce shall be valued at thirty per cent of its original cost less depreciation and additional allowed obsolescence.
D. The department shall determine the valuation that is apportioned to this state of each fleet type as the proportion of the total valuation determined on the basis of the total of the following percentages:
1. Fifty per cent of the percentage that the total state ground time during the preceding calendar year is of the total system ground time during the preceding calendar year.
2. Fifty per cent of the percentage that the total mileage scheduled within this state of the fleet type on flights operated in this state during the preceding calendar year is of the total mileage scheduled within and without this state of the fleet type during the preceding calendar year.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-14254
What does Arizona Revised Statutes § 42-14254 cover?
Section 42-14254 ("Determination of 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 § 42-14254?
A common citation format is "Arizona Revised Statutes § 42-14254" (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 § 42-14254 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.