Arizona § 42-15005 - Assessed valuation of class five property
Full text of Arizona Arizona Revised Statutes § 42-15005 — Assessed valuation of class five property, with citation guidance and answers to common questions.
§ 42-15005. Assessed valuation of class five property
The director shall annually determine percentages to apply as a basis for determining the assessed valuation of class five property described in section 42-12005 equal to the ratios that the total net assessed valuation of all taxable property for primary and secondary tax purposes in class one and class six, paragraph 3 and personal property in class two bears to the total limited valuation used for primary tax purposes of such property, and that ratio shall be used for primary tax purposes as required by federal law.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-15005
What does Arizona Revised Statutes § 42-15005 cover?
Section 42-15005 ("Assessed valuation of class five 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 § 42-15005?
A common citation format is "Arizona Revised Statutes § 42-15005" (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 § 42-15005 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.