The assessed valuation of class three property described in section 42-12003 is ten per cent of its full cash value or limited valuation, as applicable.

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Terms Used In Arizona Laws 42-15003

  • Assessed valuation: means the value derived by applying the applicable percentage prescribed by chapter 15, article 1 of this title to the full cash value or limited property value of the property, as applicable. See Arizona Laws 42-11001
  • Property: includes both real and personal property. See Arizona Laws 1-215
  • Valuation: means the full cash value or limited property value that is determined for real or personal property, as applicable. See Arizona Laws 42-11001
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