Arizona § 42-14354 - Determining valuation of railroad company operating property
Full text of Arizona Arizona Revised Statutes § 42-14354 — Determining valuation of railroad company operating property, with citation guidance and answers to common questions.
§ 42-14354. Determining valuation of railroad company operating property
A. On or before August 31 of each year the department shall determine the valuation as of January 1 of the valuation year of all operating property of railroad companies in the manner prescribed by this article. Property that a railroad company owns or leases but that is not used in operating the railroad is not considered to be operating property and shall be valued by the county assessor.
B. Assessments shall:
1. Be made on the entire railroad in this state as provided by subsection A.
2. Include the franchise, intangible values, right-of-way, roadbed, rolling stock, buildings and telecommunication lines and all other real and personal property used in operating the railroad.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-14354
What does Arizona Revised Statutes § 42-14354 cover?
Section 42-14354 ("Determining valuation of railroad company operating property") 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 § 42-14354?
A common citation format is "Arizona Revised Statutes § 42-14354" (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 § 42-14354 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.