Arizona § 42-15002 - Assessed valuation of class two property
Full text of Arizona Arizona Revised Statutes § 42-15002 — Assessed valuation of class two property, with citation guidance and answers to common questions.
§ 42-15002. Assessed valuation of class two property
The following percentages apply to the full cash value or limited valuation, as applicable, as a basis for determining the assessed valuation of class two property described in section 42-12002:
1. Class two (R): sixteen percent through December 31, 2015 and fifteen percent beginning from and after December 31, 2015.
2. Class two (P): sixteen percent through December 31, 2015, and fifteen percent beginning from and after December 31, 2015, of the value exceeding the maximum amount of valuation of personal property that is exempt from taxation pursuant to section 42-11127.
3. Class two (C): fifteen percent.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-15002
What does Arizona Revised Statutes § 42-15002 cover?
Section 42-15002 ("Assessed valuation of class two 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 § 42-15002?
A common citation format is "Arizona Revised Statutes § 42-15002" (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 § 42-15002 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.