Arizona Laws 48-2861. Reallocation of assessments; public land exchange
If a parcel of property that has been subjected to an assessment and a lien is exchanged to this state or the United States for another parcel of property in the flood protection district owned by this state or the United States, and the parcel of new private property receives substantially the same benefit from the improvement constructed as the parcel exchanged to this state or the United States, the assessment lien imposed on the original parcel of property may be transferred to and imposed on the parcel of new private property after the owner of the new private property has received a mailed notice of such assessment and an opportunity to object to either the transfer of the assessment lien to the new private property or the amount assessed against such new private property.
Terms Used In Arizona Laws 48-2861
- improvement: means the construction, reconstruction, replacement, renovation and repair of all or part of a flood protection facility. See Arizona Laws 48-2831
- Lien: A claim against real or personal property in satisfaction of a debt.
- Owner: means the person who, on the day the action or proceeding is begun or a notice is given, possesses legal title to the lot by deed recorded in the county recorder's office or the person who is in possession of the lot under claim of title or exercising acts of ownership over the lot for the person or as the personal representative of the owner. See Arizona Laws 48-2831
- Parcel: means an unsubdivided parcel of land that is larger than an acre. See Arizona Laws 48-2831
- Property: includes both real and personal property. See Arizona Laws 1-215
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215