42-15001 - Arizona Statutes

42-15001. Assessed valuation of class one property The assessed valuation of class one property described in section 42-12001 is the following percentage of its full cash value or limited valuation, as applicable: 1. Twenty-five per cent through December 31, 2005. 2. Twenty-four and one-half per cent beginning from and after December 31, 2005 through December 31, 2006. 3. Twenty-four per cent beginning from and after December 31, 2006 through December 31, 2007. 4. Twenty-three per cent beginning from and after December 31, 2007 through December 31, 2008. 5. Twenty-two per cent beginning from and after December 31, 2008 through December 31, 2009. 6. Twenty-one per cent beginning from and after December 31, 2009 through December 31, 2010. 7. Twenty per cent beginning from and after December 31, 2010.